| | | "Huge Wave of Panic" Hits Money Markets as T-Bill Rates Near Zero | | | Wed, 17 Sep 2008 10:37:11 EST
A spectacular loss of confidence in the safety of financial assets is creating an unprecedented event that strategists are calling "a huge wave of panic." Three-month U.S. T-bills are yielding 0.0304%, down from 1.50% on Monday as investors flock to the safest short-term assets. Leitao called the yield in T-bills "absolutely absurd". It means a $1,000,000 investment will pay $1,000,076 at maturity - far below the rate of inflation.
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| CNBC Videos 9/17/2008 11:36:45 AM The fallout from the current financial meltdown and what the SEC is doing about it, with CNBC's Hampton Pearson. |
| CNBC Videos 9/17/2008 12:35:40 PM Barclays buys a substantial chunk of Lehman's assets for $1.75 billion and, in the process, saves about 9,000 jobs, with CNBC's Bertha Coombs. |
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| CNBC Videos 9/17/2008 1:03:41 PM Insight on what role government should play in private markets, with Rep. Barney Frank, House Financial Services committee chairman, D-MA |
| CNBC Videos 9/17/2008 9:52:08 AM Carlos Mendez, of ICP Capital, discusses whether $85 billion is enough for AIG. |
| CNBC Videos 9/17/2008 10:36:22 AM Whether the economy can handle the financial crisis, with David Kelly, JPMorgan Funds; Jim Iuorio, TJM Institutional Services; CNBC's Rick Santelli & Steve Liesman |
| CNBC Videos 9/17/2008 6:19:28 AM A look ahead of today's markets and the impact of the AIG bailout, with Rebecca Darst, Interactive Brokers |
| CNBC Videos 9/17/2008 7:48:45 AM A reaction to the AIG bailout, with Thomas Sullivan, Connecticut insurance commissioner |
| CNBC Videos 9/17/2008 8:19:42 AM Insight on the implementation of the Hope for Homeowners Act, with Sheila Bair, Federal Deposit Insurance Corporation (FDIC) chair |
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