Bloomberg reports that the Treasuries are going higher and higher, as high that the 3-Month bill rate hit negative 0.01% and that the government was able to sell $30 billion dept of 4-week bills at ZERO percent.
And some still think that the US bonds are not in bubble?
Usually, the more dept you carry, the more insolvent you are, the higher the yield. But what happens here? The US gov dept is skyrocketing but the yield is at an all time low!
For full disclosure, I am short the long bond (and other long term gov dept) via TBT