Stocks are back to tipping and bearing adn breaking even. But the ten year yield is 2.66. Why is that important?
You are Secretary of Treasury, you have to deal with the kids, they ain't paying for any of this shit, the boomers are skipping town. A 2.66 is a high, but sustainable yield, and if kept will allow some discretionary spending. I could sell that to the kids in a three way split.
I can't sell them anything close to 3% on federal interest payments these days, that would be a lie; and the kids should not be paying 3% rates for all the boomer crap. The ideal is to keep it under 2.5.
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