Posted April 1, 2009 - 12:57 by Paul Michael
Everyone is feeling the economic crunch these days, and that includes the Treasury department. It’s no news to anyone here that there has been increasing unhappiness with President Obama’s latest rounds of bailouts, but today could be a turning point for his recent negative PR. And it’s going to save the government a fortune.
Posted December 11, 2008 - 17:10 by Xin Lu
This week the 4 week T-bill rate was driven down to 0% and the demand for these treasuries was astounding. It seems that investors are so pessimistic that they are willing to accept no yield for the safety of their principal. If you have been following the markets for the last few months it does seem like every other asset is falling. So, where could we put our cash if we do not want 0% yield treasuries?
Posted September 29, 2008 - 07:40 by Philip Brewer
The key thing to know about the Temporary Guarantee Program for Money Market Funds that the Treasury announced 10 days ago is that it only guarantees the money that you had in the money fund on that date. Any money you have in the fund that exceeds your balance on September 19th is not guaranteed--those shares are only worth their net asset value.
Posted September 21, 2008 - 08:08 by Philip Brewer
Dear Secretary Paulson: I've looked over the fact sheet on the proposal to give the Treasury the authority to purchase "troubled assets," and although I have some doubts about the wisdom of the program, if there's going to be one, I want to get in on it!
Posted April 22, 2008 - 16:02 by Xin Lu
After the recent interest rate cuts by the Federal Reserve many of my bank and money market interest rates plummeted. Now the best yield I have is on my Series I Savings Bonds issued by the United States Treasury. These bonds are also known as I-Bonds and their yields fluctuate according to inflation. Currently, the yield is 4.28% and that beats all of my other cash investments. Here is some information on the interest rate on I-Bonds and the advantages of owning these bonds.
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