The US Treasury is the all-important instrument that’s truly considered safe to invest in. Five years ago, you might have gotten a nice yield on as 10-year note or even the 30-year if you went further out on the yield curve. The problem now is twofold. Ben Bernanke has destroyed the current interest rate environment and everyone’s scared and flocking to Treasuries all the time. Both of these factors have pummeled yields so low that people are scratching their heads and going “what’s the point?” We can’t blame them, but we can blame Bernanke.
