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You may not want to sell your Treasury bonds just yet, though.
The price of the 30-year Treasury bond fell more than a point.
Only the 30-year Treasury bond has done better, with a total return of slightly above 18 percent.
Most traders in the Treasury bond market will not be working.
Today we issue Treasury bonds in electronic form, not paper.
Treasury bonds pay interest every six months and mature in 30 years.
The price of the 30-year Treasury bond rose 1, to 98 25/32.
The rates on 30-year Treasury bonds fell to another record low today.
They could put their capital into Treasury bonds and live on the income.
The long Treasury bond lost enough to bring its yield to 9.09 percent.
And the 22.58-year issue was 10.7 percent, or 110 basis points over Treasury bonds.
For the last three years, the story among the 46 Treasury bond funds has been interest rates.
Still, Treasury bond prices managed to end the day higher.
For a few minutes, the 30-year Treasury bond yield was at a 1992 low of less than 7.4 percent.
The price of the 30-year Treasury bond was unchanged at 106 20/32.
A 30-year Treasury bond was yielding 5.83 percent at the time.
So only since then has there been a consistent market in 30-year Treasury bonds.
That is three times the yield on the current 30-year Treasury bond.
The price of the 10-year Treasury bond was moderately higher.
"Bob is not going to sit there and trade treasury bonds."
The Treasury bond rate fell finally by 10 basis points, to 6.73 percent.
Only Treasury bonds issued before 1985 are subject to being called.
But Treasury bonds are not what make everyone feel richer every day.
But it does put the Treasury bonds at too high a yield.
The road to growth was not, of course, through investing in Treasury bonds.