A man enters the US Treasury Department building on Pennsylvania Avenue in Washington in January 2017. The 3-month Treasury yield is higher than the average 12-month dividend yield on the S&P 500 equity index for the first time in a decade. Photo: AFP
Opinion
Opinion
Macroscope
Why investors are turning to 3-month Treasury bills and other cash assets over the hunt for yield
- Nicholas Spiro says having suffered heavy losses in emerging markets, global equities and US corporate bonds, investors are turning to money market instruments
A man enters the US Treasury Department building on Pennsylvania Avenue in Washington in January 2017. The 3-month Treasury yield is higher than the average 12-month dividend yield on the S&P 500 equity index for the first time in a decade. Photo: AFP