Treasuries are a scam.

Real Yield on 1 Year U.S. Treasuries (Yield minus CPI inflation):

Note that this is based on fake CPI data reported by the Bureau of Labor Statistics.

https://drive.google.com/file/d/1hak-np-iKkb73St4o4saHHVICgj_x7f1/view?usp=drivesd