Hey, Timmy !

I'm calling to Timmy Geitner, the US Treasury Secretary. Take a look at the yields on the 10 year US Treasury Note - under 3% ! And the yield on the 30 year US Treasury Bond is under 4%. !!

That means the world wants US long term debt.

You, Timmy Geitner, should start selling it hand over fist. Refund all those T-bills and short term T-Notes with stable, long term debt. That will help the US long term solvency and lock in historically low rates. Act like a CFO - fund your needs when the market wants your debt. That means NOW !!!

The United States Treasury should sell hundreds of billions of 10 year notes and 30 year bonds.

Actions

Futures are down big early this morning. More turmoil in Europe. Krypto has cash to invest but wants lower prices. One thing she will not be buying: TIPs and long term taxable bonds. Those are now in the range of "Certificates of Confiscation" - very poor long term prospects.

Word of the Day

"Conduce" - verb [$10] (one of many words formed from -duce; I call them the 'duces')
Conduce means to lead or tend to a particular and usually desirable result: contribute.
Sentence: Selling hundreds of billions of long term debt at today's low rates to refinance short term T-bills will conduce great stability for US funding and increase the strength of the US dollar as a reserve currency and source of world stability and solvency.