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This Day In Financial History: 1981: 20-year Treasury Bonds At A 15.78% Yield
FYI: Today in 1981: Uncle Sam issues new 20-year Treasury bonds at a 15.78% yield, an all-time record-high interest rate for any U.S. government issue. Analysts say they expect that yields will have to go higher “to attract stronger demand.” Yields promptly begin going down, and keep going down for the next twelve years. Regards, Ted
Yes, we did very well in tax-free around this time. I figured that if inflation (then figured to be 15-20%) were to keep increasing the money in the bank would be worthless anyway- why not buy tax-free at 14-15% and see what happens next?
Comments
Worked out nicely, for a change.