Hell, US Govt bonds would need to be paying 15% or more for me to consider loaning Uncle Sam money for more than 12 months. Anyone who thinks that 4.75% is a good deal for giving the US Govt your money for such a long period as 30 years is a fool.
Exactly, which is why pretty much nobody is loaning money to our government any more other than the Fed. It’s an absolutely absurd situation.