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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 03/27/2008 : 16:40:26
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I e-mailed this to The Mogambo Guru though he seems to not have recieved it yet...
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Treasury Broadens Savings Opportunities for More Investors
New $100 Minimums for Treasury Marketable Securities to Debut in April
key detail-
"Beginning with the 13- and 26-week bill auctions of Monday, April 7, 2008, all Treasury marketable bills, notes, bonds and Treasury Inflation-Protected Securities (TIPS) will be available to the public in minimum and multiple amounts of $100. Marketable Treasury securities have been available in $1,000 minimums and multiples since August 1998."
It used to be that if an investor wanted Treasuries they had to come up with $1000 minimum and said investor had to be pretty well to do to have that much excess cash to invest into Treasuries.
By lowering the amount to $100 it opens up Treasuries to the smaller investors thinking this is a good deal-
-but if it was such a good deal the big investors would have fought tooth and nail to keep it at $1000 per Treasury to keep the 'good deal' for themselves.
Could it be that the foreign investors have become so fed up with Treasuries low interest rates (after inflation is factored in) that foreigners are avoiding Treasuries in the near to long term future?
With fewer foreign buyers interested in Treasuries, it seems the US Treasury needs to rely on any and all investors to finance the US debt.
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fiatboy
Administrator
912 Posts |
Posted - 03/27/2008 : 17:37:08
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| Great find! I don't see how this could loom anything but ominous. This is big news, in my very humble opinion. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Nickelless
Administrator
USA
5580 Posts |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/28/2008 : 00:25:03
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This is a very desperate measure if I'm reading it right,correct?
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 03/28/2008 : 00:33:40
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The government wont go broke , just your money will. Wonder how many sheeple will buy into this.
Next thing you know they will say it is our patriotic duty to buy these. The foreigners don't want our debt can you blame them. A fool and his money will soon be parted. |
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Fishing for smaller investors
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