by Calculated Risk on 2/09/2006 03:24:00 PM
Thursday, February 09, 2006
The 30 Year Bond and the Flat Yield Curve
The Treasury Department today issued 30-year bonds for the first time since 2001. From the AP: 30-Year Bond Sold for 1st Time in 5 Years
The Treasury Department sold $14 billion of the bonds with a yield of 4.53 percent.Here are some recent quotes:
FED Funds Rate: 4.5%
Five Year Note: 4.54%
Ten Year Note: 4.54%
30 Year Bond: 4.53%
I don't think we need a graph to visualize a flat line!