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Mark Harvey 2y ago

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.

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GrayRuby 2y ago

Which is why the fed will end up owning most of them!

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Mark Harvey 2y ago

This has been trending down for 40 years too despite the manipulated CPI.

I wonder how far negative real yields need to go before there are no more buyers.