Tuesday, November 22, 2011

T-Bill Rates

Just for the sake of comparison:

Spain:  3 month T-bill    5.11%
Canada:  3 month T-Bill 0.91%
U.S.A.: 3 month T-bill 0.05%

Spain is not out of the woods by any measure, only a month ago Spain was paying 2.94%.  On top of all this, the ECB is buying the 3 and 6 months maturities like crazy.  Without intervention by the ECB, the T-Bill(3m) would have approached the 6% level....

Just saying!


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