NY TIMES: Skittish Investors Rush to Buy Treasury Debt

L. Coyote

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-20-07 10:45 PM
Original message

NY TIMES: Skittish Investors Rush to Buy Treasury Debt

Skittish Investors Rush to Buy Treasury Debt
By JEREMY W. PETERS - August 21, 2007
http://www.nytimes.com/2007/08/21/business/21stox.html?hp

The stock market was quiet yesterday, but debt markets were anything but.

In a sign that investors are fleeing investments that carry even the slightest hint of risk, the price of short-term government debt soared, sending yields on their biggest drop since the stock market crash of 1987. The return on a three-month United States Treasury bill was 3.09 percent when trading closed yesterday. At the end of July, it was nearly 5 percent. .....

Printer Friendly | Permalink | | Top

lovuian

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-20-07 10:46 PM
Response to Original message

1. I think this economy is a MESS

everything I see things are NOT GOOD

Printer Friendly | Permalink | | Top

enid602

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-20-07 11:21 PM
Response to Original message

2. Ironic

US government debt might well prove to be the riskiest investment of all.

Printer Friendly | Permalink | | Top

L. Coyote

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-21-07 12:18 AM
Response to Reply #2

3. They sure need to sell Treasury notes.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Tue Apr 30th 2024, 10:24 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.