The 30 Year Bond and the Flat Yield Curve

The Treasury Department today issued 30-year bonds for the first time since 2001. From the AP: 30-Year Bond Sold for 1st Time in 5 Years

The Treasury Department sold $14 billion of the bonds with a yield of 4.53 percent.

Here are some recent quotes:

FED Funds Rate: 4.5%
Five Year Note: 4.54%
Ten Year Note: 4.54%
30 Year Bond: 4.53%

I don't think we need a graph to visualize a flat line!