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MTA Getting Ridiculously Low

Nearly two years ago, the Monthly Treasury Average fell to an all-time low. Today, the index is still setting new records — and the next few months are unlikely to be any different.

In July 2009, the MTA fell to 0.90083 percent. That was the lowest level on record based on Federal Reserve data going back to 1953.

Nearly two years later the MTA continues to set new lows.

In May, the index fell to 0.26333 percent. The MTA was down from a record 0.27833 percent in April and 0.40167 percent in May 2010.

Each month, the Fed puts out a daily average of the one-year Treasury yield. In May, the one-year yield averaged 0.19 percent, tumbling from April’s 0.25 percent.

The MTA is determined by averaging the daily average for each of the past 12 months.

The yield on the one-year Treasury, itself, fell from 0.22 percent at the end of April to 0.18 percent at the end of May. The one-year yield closed Monday at 0.18 percent, based on Treasury Department data.

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