Retail investors have a surprising new favourite: Treasury bills
Banks face a fresh form of competition
When treasury bonds (or t-bills) last yielded as much as they do today—5.5%—punters were relieved that the world had not been destroyed by the millennium bug, Destiny’s Child were atop the charts and the dotcom bubble was going strong. The recent surge in yields has been remarkable (see chart).
This article appeared in the Finance & economics section of the print edition under the headline “Blow to the banks”
Finance & economics October 14th 2023
- Corporate America faces a trillion-dollar debt reckoning
- Retail investors have a surprising new favourite: Treasury bills
- How economists have underestimated Chinese consumption
- Investors should treat analysis of bond yields with caution
- Claudia Goldin wins the Nobel prize in economics
- To beat populists, sensible policymakers must up their game
From the October 14th 2023 edition
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