I chose this article as useless buzz, mainly to draw attention to the fact that you shouldn't use this as a reinforcement to follow suit. First off, it is good to be privy to the knowledge that much of the purchases of these 0% T-bills may be by large portfolio managers as "window dressing" as a way to make their portfolios look better and safer to their investors. Second, if you are an individual investor, thinking you should follow suit and sell everything you have and buy some 0% interest bearing, safe government bonds, employ some common sense first. Just from a small amount of research using a service of Bankrate.com, I found that the average APY of six large metropolitan areas banks' interest bearing checking accounts was .70%. The cities I used were New York, Washington D.C., Orlando, Chicago, Seattle, and San Francisco. Most of these banks' checking accounts are FDIC insured, meaning they are already insured by the government up to $250,000. In other words, you will earn more for your money by leaving it in a checking account for a month, then earning nothing, or paying the government to hold it for your for a month.
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