That's scary?

How about this....

http://www.bankingmyway.com/article/05/11/interest-rates-down-weekly-treasury-auction

"The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,995.20, while a six-month bill sold for $9,984.58. That would equal an annualized rate of 0.193 percent for the three-month bills, and 0.310 percent for the six-month bills."

My bet, China gets a concession to overcome the low rates in order to keep them coming to the auctions.

"There are concerns that the government's huge borrowing needs could trigger steep increases in interest rates if domestic and foreign investors start demanding a larger return for holding Treasury debt."

There will be no steep rise.... because they do not control it!!... China does.

They own our savings accounts, US citizens have been sold out...and their currency is worthless.....Save all you want but you will never get the rate of return China does.

doni