11/1/06 4.6 % 7/1/07 5.2% 12/1/08 2.8%. Today 4.96% We are over leveraged in debt with the prospect of long term demographic slide / demand destruction. There is a world wide deep recession underway. 30 yr Chinese bond 1.9%. People are widely over optimistic about future US economic prospects. Buy long duration treasuries hand over fist.
Long term bond yields shot up in 2007 too.
Bond market not broken. It simply is calling the feds bluff.
11/1/06 4.6 % 7/1/07 5.2% 12/1/08 2.8%. Today 4.96% We are over leveraged in debt with the prospect of long term demographic slide / demand destruction. There is a world wide deep recession underway. 30 yr Chinese bond 1.9%. People are widely over optimistic about future US economic prospects. Buy long duration treasuries hand over fist.