Lend $10,000 To The US Treasury For Six Months And Receive One Starbucks Cappuccino

Not only can’t The Federal Reserve generate any inflation,

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they can’t even generate a positive yield on the 3 month Treasury bill.

Yes, the 3 month Treasury bill auction went off today … and for the first time, the 3 month Treasury yield is ZERO.

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The return to investors is 0 percent for the three-month bills, with a $10,000 bill selling for $10,000.00. The return to investors is 0.066 percent for the six-month bills, with a $10,000 bill selling for $9,996.71.

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The US yield curve is now officially pinned at 0% at 3 months.

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Poor Janet Yellen must be getting PARANOID!

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