Chart of the Day
Posted at 9:30 a.m. on Dec. 6, 2012
– The interest rate for 10-year Treasury bonds has been negative and declining throughout 2012 after accounting for inflation, leading Mike Konczal to wonder, “If we can pass stimulus right now, why don’t we do it?”
“Borrowing costs for the United States have plummeted… It’s important to note that this fall in our borrowing costs hasn’t been incorporated into any of the debt discussion happening right now, discussions which still use frameworks created in 2010.”
