Wednesday, February 01, 2006

The Return of the Thirty Year Bond!

No, it's not a bad horror sequel. Just another quiet admission of failure for this administration's profligate fiscal policy.

How I long for the good old days of divided government!

1 Comments:

Blogger KipEsquire said...

Link is bad.

I don't disagree about the profligacy, but I always thought it was a mistake to scrap the 30-year, as opposed to buying back issues along the whole length of the yield curve.

It's good to have an easy benchmark for mortgage lending, agency debt and corporates.

4:33 PM  

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