As mentioned near the end of the article, if one is foreign and thinks that the dollar will increase in value then buying even at 0% interest can make sense.
It's not sustainable, though.
Cheers,
Scott.
Investors Buy U.S. Debt at Zero Yield
- (Ashton)
- (4)
- Dec. 11, 2008, 03:59:46 AM EST
I don't get it
- (mhuber)
- (3)
- Dec. 11, 2008, 09:51:05 AM EST
Currency speculation must play a big part.
- (Another Scott)
- Dec. 11, 2008, 09:56:55 AM EST
Cost of the safe
- (beepster)
- Dec. 11, 2008, 10:48:16 AM EST
Has to go somplace
- (jay)
- Dec. 11, 2008, 01:32:03 PM EST