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  • Brett Spurr

Negative Rate

Well, this is historic. The 90day (13week) Treasury Bill traded into negative territory into yesterday's close. At this moment, it is yielding a -0.20%. That's right- people are paying the Treasury to hold their money. Truly unprecedented. That would be a signal markets are hitting maximum fear and are close to a temporary bottom. Let's hope that doesn't hold for long, otherwise it becomes an ominous signal.

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