by MN Gordon
Myths and Legends
“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. Thompson didn’t likely have U.S. Treasury bonds in mind when he made this observation. Though, if he were still alive, he may find the present state of the great Treasury bond bubble to be an amusing anecdote.
[…] On Monday the yield on the 10-Year Treasury note touched down at 1.45 percent. This is but a scant distance from the 1.39 percent yield reached in July 2012. What compels someone of sound mind and honest convictions to give their hard earned money to the government for 10-years for just a 1.45 percent yield?