Seriously, the World Would Like to Give Us Free Money

Remember when we wrote that the world wanted to give us free money, because the 10-year Treasury was trading at historic lows?

Well ... since then the yield on the Treasury has continued to go down.

Again, inflation is running at about 2.4%, and we can borrow at less than 1.7%. The rational response would be to borrow as much money as we can. Just sayin'.

Just for fun, here's the yield since 1960.