Treasury Rates Falling on My Head, In Real Time

Not just theory. Real rates are low, and continue to fall. This has implicaitons for fiscal and monetary policy; but the relevant instituions (the US Congress and the Federal Reserve) continue to sit on their hands, and should be held responsbile for doing so.

http://www.businessweek.com/news/2012-07-11/treasuries-rise-after-record-low-yield-at-10-year-note-sale