U.S. T-Notes at Record Low Yields: Retirees Taking Huge Hits on Interest Income Subsidizing Gov't Borrowing

Financial Times  - Investors accepted the lowest yields ever for 10-year paper in a US Treasury auction shortly before the release of Federal Reserve minutes showing a bias towards more monetary easing.
The scale of demand at the auction suggests investors expect US interest rates to remain low for several years. The $21bn sale of 10-year paper sold at a yield of 1.459 per cent, the lowest ever in an auction. Read full story here: News New Mexico

U.S. T-Notes at Record Low Yields: Retirees Taking Huge Hits on Interest Income Subsidizing Gov't Borrowing