This From Dan Alpert Still Makes Immense Sense

Note to Self: 30-Year Treasury bonds continue astonishingly, bizarrely low:

30 Year Treasury Constant Maturity Rate DGS30 FRED St Louis Fed

It is no longer the case that they are at their lowest levels ever, but this from Dan Alpert still makes immense sense: Dan Alpert: "We awake this morning to an all-time low yield on 30 year US Treasury bond: 2.107%. This is nearly 40 basis points below the average interest rate on all marketable treasury securities It is time to borrow and invest in infrastructure #LockItIn:


#notetoself #fiscalpolicy #macroeonomics