Graph of the day

October 9, 2013

Courtesy of Kim Schoenholtz, a striking graph of interest rates paid on one-month and three-month Treasury bills. As you doubtless know, interest rates at the short end have been close to zero for some time, zero meaning (in this case) something like 0.02 percent. Since the start of the month, rates on 4-week bills have gone up about 25 basis points — 0.25 percent.

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One Response to “Graph of the day”

  1. David Backus Says:

    Stan Zin adds that there’s disruption on the overnight repo market as well: http://www.reuters.com/article/2013/10/09/markets-usa-repos-idUSL1N0HZ0VS20131009


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