plunging 10 year bond yields

plunging 10 year bond yields

fiction
Edward w Pritchard


Thirteen months ago the ten year bond yield was 3.0 % and now it's 1.755. I hope the geniuses in the US treasury department refinance all that 3% debt that they took on for ten years and refinance it now at 1.75% or lower. If they do they can save the US tax payers a ton of interest expense.

Boy oh boy sometimes it's better to be lucky than smart. This deflation can be Ok for some of us it seems.

I wonder if the price of food, property taxes, and used cars will follow the deflationary trend. I notice the price of lottery tickets, and minimum bet at craps and slot machines at the casino never goes lower.

Sometimes I just try to spend less money from month to month when prices decline rapidly or if they later surge unexpectedly. It's like if a butterfly flaps his wings in China, Switzerland  or Russia does it cause a tornado on Wall Street or something like that.