Interesting. I think probably a little too early to worry, given where the 10 years right now. Lisa never too early to worry. Jonathan the hyatt is about 90 basis points. We are in the middle. Theres a little bit of concern about oversupply, particularly at the long end, but two governments issued longterm hours. The last few the other was apple and president tim cook. [laughter] it is the 40 year portion that i think is getting the attention. It is about the Duration Risk people are willing to take. Lisa people are saying that perhaps demand for that offering took away from the u. S. Government. You do have to wonder, and i think this is a question a growing number of strategists are asking him selves, at what point does the fed start to get worried, step in and say we have to up our purchases of treasuries in order to suppress bond yields . ,onathan ppi came in hotter jobless claims came in better than expected. We round things out this morning with u. S. Retail sales. Ive got to say
Capital. West,are in the wild domes and columns in a similar look and style. It was the idea that we were part of this particular government right now. You see a lot of symbolism in the room. Later, here about the internment of japanese americans during world war ii. I remember the day we had to leave. We did not know how long we were going to go. We didnt know where we would be sent. We just knew that we had to leave our farm. We begin the hour with a visit to the Sacramento History Center and a look at the items in the gold rush collection. The concept of where sacramento is is quite ludicrous in many ways. Its lowlying marshland. Probably the worst place to put a city. But the concept that it was more important for the monetary gain than it was for the longterm life of the city. What that caused in the end and what a lot of these things helped us document was how the city had to transform and change for self. It is a story of disasters. You can ask yourself that question, what i hav