As of the latest observation, the yield on “risk-free” three month T-Bills was just 0.11 percent. Rates are low across the yield curve, with the recent yield on the 10-year Treasury just 0.74 percent. For comparison, even during the extremely low rates of 2012, the yield on the 10-year bottomed around 1.5 percent. During the …
Month: October 2020
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