(Bloomberg) -- Among the markets that say President
George W. Bush is doing ``a heck of a job,'' the one he can take
the most satisfaction from is U.S. Treasury bills.
That's because the unexpected surge in tax receipts may
pare the budget deficit by 39 percent to $150 billion this
fiscal year, causing a relative scarcity of four-week, three-
month and six-month bills. The result is the biggest bull market
for Treasury bills since the terrorist attacks on Sept. 11 drove
investors to the safety of the securities.
Read more at Bloomberg Bonds News
George W. Bush is doing ``a heck of a job,'' the one he can take
the most satisfaction from is U.S. Treasury bills.
That's because the unexpected surge in tax receipts may
pare the budget deficit by 39 percent to $150 billion this
fiscal year, causing a relative scarcity of four-week, three-
month and six-month bills. The result is the biggest bull market
for Treasury bills since the terrorist attacks on Sept. 11 drove
investors to the safety of the securities.
Read more at Bloomberg Bonds News
No comments:
Post a Comment