The 4 week T-bill was auctioned at absolute zero on Tuesday. We’ve been expecting this. More amazing was the bid/cover of 4.20, and a huge indirect bid. Even after all the frantic actions of the Fed and the US Treasury, the level of fear and panic in the market actually appears to be increasing. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.