Limbo

Remember when (1 year and 3 days ago) we thought 3% was a low interest rate on a 10 year T-bill? Ahem...

TREASURIES-Benchmark 10-year Treasury yields touch record low

"Ten-year notes were trading 13/32 higher in price to yield 1.394 percent, which was a record low and down from 1.438 percent late Monday."

"Limbo low now!
How low, can you go?"

We're still on course. Full steam ahead.

Don Brown
July 25, 2012