Investing Corporate Cash: It’s Back to Basics
Treasury Bills: Sovereign debt, especially U.S. Treasury bills, KDV KLVWRULFDOO\ EHHQ WKH SULPDU\ LQVWUXPHQW IRU kpLJKW WR qualityā€¯ investors. Risk aversion temporarily pushed yields on three-month US T-bills below zero in 2008. Commercial Paper: Following the collapse of Lehman Brothers, volumes in the commercial paper market plummeted ... ................
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