Monday, October 3, 2011

Rates so low, it'll make your eyes pop out.

US bond rates, that is. This'll bring some weird perspective:

2.72% -- 30 year bond rate, today.
2.77% -- 10 year bond rate, 8/1/2011.
3.07% -- 1 month bond rate, 1/17/2008.

1.76% -- 10 year bond rate, today.
1.80% -- 5 year bond rate, 7/1/2011.
1.76% -- 1 month bond rate, 8/14/2008.

The last time we saw rates this low, it was December 2008, the depths of a rapidly unraveling economy.  What are we supposed to make of today's market signals...?

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