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12-12-2008, 12:55 AM #1
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Gross: Treasurys Enter Bubble Territory
Gross: Treasurys Enter Bubble Territory
Thursday, December 11, 2008 3:16 PM
By: Dan Weil
First there was a tech stock bubble, then a real estate bubble.
Now a Treasurys bubble?
That’s what superstar bond fund manager Bill Gross said after a $30 billion auction of one-month Treasury bills produced a yield of zero this week.
Some bills traded in the secondary market with a negative yield. People were literally willing to lose money to buy them.
“Treasuries have some bubble characteristics, certainly the Treasury bill does,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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