ECONOMIC RECORD BREAKER: Treasury sells 5 year bonds for NEGATIVE .55% of face value


OK, let’s keep this simple: you could put money under your mattress or
loan it to the U.S. government and get a guaranteed LESSER amount that
the money that you loaned!

Less could be more if you are concerned that U.S. dollars are going to
lose value, or if you are just looking for a place to park your $$.

The Treasury sold $10 billion of ‘inflation protected’ bonds within
hours of offering these bonds on the market.

How it works: you PAY the government to borrow your money. You pay
.55% of the value up front. The government then guarantees that it
will make your money available to you in five years at an
inflation-adjusted value equal to its current value — after you pay
the government to borrow your money.

Hmmm…

READ STORY: http://www.marketwatch.com/story/treasurys-rise-before-tips-sale-housing-data…

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