Amid the good news that the banks are beginning to lend again, the 4-week Treasury bond market is showing something different, which makes me suspect some mixed signals out there.  Quote and link from the article:

Investors are so nervous they're willing to accept the same return from government debt that they'd get from burying money in a coffee can — zero.

Hmm, suddenly apparently the financial equivalent of a mattress doesn't seem so bad; in fact, in trading at times T-bills hit a slightly negative rate.