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Suddenly there's a mass of foreign central bank interest in 30 year bonds @4.7%. Which is very, VERY odd.
Even without the extreme situation we find ourself in now, there's the clearly increasing price of oil over the next few years to stoke some large inflationary fires as well as commodity demand all over the world for the real long term that just screams of 4.7% being ridiculous.
Bizarre.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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