If this doesn’t worry you, you’re missing the point. They bought it. Now they have to pay for it. This massive wad of TP settles February 11. Keep your eye on that date.
Term and Type: 18-Day Bill
High Rate: 2.395%
Investment Rate: 2.431%
Allotted at High: 78.56%
Total Tendered: $150,106,526,000
Total Accepted: $50,000,294,000
Auction Date: 02/06/2019
Issue Date: 02/11/2019
Maturity Date: 03/01/2019
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.