A Fee For Lending Uncle Sam Money?

THE DAYS OF PURCHASING Treasury securities directly from the government for free may be numbered. In May, the feds will assess a $25 fee on all Treasury Direct accounts of $100,000 or more. Sure, $25 is a pittance for someone able to spring for a hundred grand's worth of T-bills. But some bond experts think fees will next be imposed on the common folk who hold far smaller amounts for their accounts, where the Treasury keeps their paper, as a brokerage does.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.