30 year Treasuries now trade for 3.676%. Think about it.

(written by Lawrence Krubner, however indented passages are often quotes)

If you would like to give the government a million dollars, the government will happily give you $36,760 a year for the next 30 years. (Several key rates hit all time lows this week.) If you would like to get so rich that you can live comfortably on your asset income forever, you will need… uh, wow. Being a millionaire is not what it used to be.

The amazing thing here is not the low rate, but that this is for 30 years – anyone who buys at this rate is essentially investing in the idea that inflation will not return to the USA for several decades. My mind staggers at the implications.

No wonder some money is trying to get into the world of seed fund investing in startups. If I was rich, I’d be out chasing yield too.