[1Old Pro]

“You can buy a 6-month T-bill that’s yielding north of 5%. Why wouldn’t you buy that instead of a long bond that’s yielding 4¾?”

That 4.75% coupon is literally worthless at maturity with this high inflation.

[KevinB]

That 4.75% coupon is literally worthless at maturity with this high inflation.

I just bought 17-week treasuries at just over 5%. Where else can one do better in something that's relatively liquid, especially considering that the 5% interest is exempt from state tax?