We are not out of woods on credit crisis

Investors take out money out of stocks, bonds and money market funds to buy safe assets, forcing the yield on short-term Treasury bills down. A lower yield indicates greater concern about the financial system.

The yield on the One-Month Treasury Note is currently at 0.09%, which is still extremely low by historical standards. This indicates that investors continue to flock to the safest of safe haven assets, and we are by no means out of the woods yet in terms of the credit crisis.