“The Untold Inflation Story: Investor Risks and Opportunities” – Lombardi
“This morning, the yield on the 90-day U.S. T-bills is up to 0.155%. Not a big deal, but let’s look at it a little closer.
When the credit crisis arrived in 2008, there was a run to the safety of short-term U.S. Treasuries, which sent down yields sharply. A Federal Funds Rate of zero has also been keeping short-term bond yields down.
I expect to see the standard 90-day U.S. T-bill soon hit a yield of 0.16%. At that point, the yield on 90-day U.S. T-bill will be at its highest level since August of 2009. Hence, it is not just long-term rates that are rising; pressure is slowly mounting on short-term rates as well.” Read more.
“The Untold Inflation Story: Investor Risks and Opportunities”
Michael Lombardi
Profit Confidential, January 20, 2011.
Image by zirconicusso / FreeDigitalPhotos.net.
