Yields on two short-term bonds turned negative Wednesday, as demand for safer assets continued.
The 1-Month Treasury yielded -0.013%, while the 3-Month yielded 0.036%, according to data.
Negative yields aren’t too surprising as money continues to flow into Treasuries and with the Federal Reserve fed funds rate at 0% to 0.25%.
President Donald Trump had been clamoring for negative rates from the Fed before the Covid-19 crisis to make U.S. borrowing costs cheaper, in line with European bonds.
