The results from the just reported 4 week bill auction reveals a yield of 0.000% and that is not a misprint. The auction last week yielded .04%. Year end parking of money in a safe place is likely the main focus on the part of buyers rather than any return on that money.
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Why would you buy this over cash?
Because you think its going higher — and the yield is going negative.
Its the greater fool trade . . . .
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