A rush into T-bills gets heavier as Bank of New York (BK -2.5%) - the world's biggest custodian...

|About: The Bank of New York Mello... (BK)|By:, SA News Editor

A rush into T-bills gets heavier as Bank of New York (BK -2.5%) - the world's biggest custodian bank - starts charging a 13-basis point fee for huge cash deposits. With even more cash headed out in search of a home, three-month T-bills sit at 0.005%, and one-month bills turned negative this morning.