The 3 month Treasury bill now yields nothing. The Treasury though will give you your money back …
The fall in Treasury yields came even as the US government indicated that it was going to issue a lot of bills and bonds to help the Fed grow its balance sheet.
When Brad Seter says the 3 month Treasury now yields nothing he really means less then nothing. If you adjusted inflation short term treasury bills have not had a real yield for a while. But now you might as well stick the money under your mattress rather then loan it to the Feds.
But the real story is in the last line. To say that the Fed is going to grow its balance sheet is just another way of saying that it is going to print money. The Naked Capitalist has more.