Eddy Elfenbein had been expecting the Fed to raise rates sooner rather than later, but based on...

|By:, SA News Editor

Eddy Elfenbein had been expecting the Fed to raise rates sooner rather than later, but based on the plunge in short-term Treasury yields, "apparently Mr. Market disagrees and expects rates to stay low for a while longer." To clarify just how low interest rates are, Elfenbein says that if you were to lend Uncle Sam $1M for one day at one basis point, you'd get about $0.28 in return.