Treasurys Up; Government Sells T-bills at 0%
Wow:
Treasurys up; government sells T-bills at 0% - MarketWatch: Treasurys higher as bad news creeps in Government sells short-term bills to yield zero: By Deborah Levine, MarketWatch: Last update: 2:44 p.m. EST Dec. 9, 2008: NEW YORK (MarketWatch) -- Treasurys headed higher Tuesday, helped by a strong bill auction that showed investors purely wanted assurance that they would get their principal back.
The market reached the highs of the day after the Treasury Department sold $32 billion in four-week bills at a yield of 0%.
