Dec 10
Also pays 0% interest
Today, for the first time ever, Treasury bills pay negative rates:
If you invested $1 million in three-month bills at today’s negative discount rate of 0.01 percent, for a price of 100.002556, at maturity you would receive the par value for a loss of $25.56.
In other words, hold our money US Treasury, and all we ask is that in 3 months you give it back to us intact minus a slight holding fee. Negative T-Bill rates =mean when you can’t figure out where to put money where it won’t drop even more in value.
Negative T-Bill rates act as fungible and large mason jars, couches or mattresses to hide money in.
Courage!