It was,  from the summer of 2009 to the summer of 2016.  Not anymore.  One Year Treasury Yield reached a nine year high this week:

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1-Year Treasury Yield…

July ’09: 0.45%

July ’10: 0.30%

July ’11: 0.17%

July ’12: 0.20%

July ’13: 0.13%

July ’14: 0.11%

July ’15: 0.28%

July ’16: 0.50%

July 17: 1.20%

Today: 2.36%

What happened?  An election.

Hat tip Charlie Bilello