“I still wonder what knuckleheads would loan the feds money for 10 years at 3.5%.”
Excellent point. Factor in the liklyhood of higher inflation, taxes and the virtual certainty of rising interest rates and it is hard to understand why anyone would be willing to tie up money for a decade at that rate. Likely a losing proposition.
people who buy treasuries fear we are in a long-term recession with accompanying deflationary pressures.
that is why i own yen. FXY