think about it, who is going to volunteer to lose money on short term govt debt? just leave your money in cash. its not like inflation is going to destroy your cash in 90 days. especially considering that we are entering a deflationary period
That would be my guess as to why they want to stash their money away for 90 days. After 3 months the buyer can find out which bank still exists to even take a cash deposit. Cash in the T-Bill and decide what to do. In the meantime, buyers have 3 months to figure out what to do in this market. Its almost like hitting a pause button with your money and giving yourself time to think this out.
ps. Not a finance guy here by any means.
dude, it is an utter triviality to spread your money in cash-equivalent 100k increment accounts, brokerages do this all the time. no one takes a loss on treasuries because they have $100k + n in their account. the eight people who upmodded you have simply never had to perform this trivial transaction
What I was trying to explain is that the people buying the T-Bills aren't individuals looking to put their money some place safe. These are large institutional investors looking to park millions (hundreds of millions?) of dollars in a safe place till they can figure out what to do.