You mistakenly assume that the interest rate on long-term debt obligations somehow controls future interest rates. Actually it's quite the opposite: The value of that treasury note will go up if short-term interest rates drop and down if interest rates go up. (And of course interest rates can only go up right now.) I hope you did your research before you bought that T-Note, because it's going to be worth a lot less in the not-too-distant future.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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