Originally Posted by twaddle
So, looking at today's yields in that historical context, a MM yield of 5% nominal (about 2.5% real) is outstanding! You want to keep that as long as you can.
I think I get you point. As long as short term yields stay high like they are now (relative to long bonds), there is no reason to take the duration risk that exist with long bonds (interest rates going up). However, when/if long yields increase significantly relative to MM yields, I should consider moving to int and long bonds.