One year :2.63% Ten year: 2.80%
Each of our eight year regimes inherit the fake accounting of the previous regime. Bubba the only honest accountant.
Absent the periodic back and forth, Ten year should be at 2.5, one year close to 1.5. If we had stable government, the long term(50 year curve), seems to settle around 2.5 on the ten year. We always had unstable government, nothing kanosian about it.
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