The yield curve has yet to invert, i.e., where short term rates are higher than long term, but the gap has been getting increasingly smaller. As a result, as Telos Delos explains, if you don't need the cash, 2Y treasuries pay you almost as much dividend-wise as 5Y or 10Y, so it's a nice place to park cash with a no-premium risk and no interest rate risk (except the opportunity risk).
[EOP]
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