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A 2% annual risk-free rate?

Anything and everything is possible... But US 30y nominal yield at 0% is too much, IMHO.

It was a rhetorical question, as I am well aware of how the system works, but thanks for the info anyways... I think this thread has gone a bit off the reservation, so to speak.

Huh? Do you get to vote for the Secretary of Defense or State?

I am not sure what you're saying then... Is the conclusion that the US government (federal, as well as state) is "private", like the Fed?

I don't understand this and I can't really imagine I made any such comments. At any rate, it doesn't matter, don't worry about it, it's all good.

I am also very confused... In fact, I don't understand what the above means at all.

I honestly don't know how you're able to make these leaps of inference. When did I ever say anything about Putin?

I don't understand the first question. They bot these assets from the people that owned them previously. I don't see why it matters who held them. Yeah, of course, but that's not the claim you made. You said that "the Bank paid more than what the mkt would have paid at that time", which...

No, I didn't and look what happened...

What do you mean "these assets are not specified"? I know exactly how much they bought of each gilt/corp issue and that's not 'cause I am so special. The Bank makes this information publicly available. Furthermore, the assets were purchased on the basis of competitive mkt auctions, so I have...

Indeed... I am convinced, however cruel this might sound, that people normally get what they want and deserve.

You can try to use this: https://www.hedgefundresearch.com/hfrx_reg/index.php Don't know where you can find a chart, though...

Yeah, and, more generally, haven't all bits of government evolved from private citizens banding together to provide a public service at a lower cost (due to economies of scale and scope, among other reasons)?

I covered as well... Was long, basically, everything vs USD and now flat.

The link doesn't work, but if you google the headline and click on the first result, you get the article. At any rate, the guy is being disingenous (not surprising, given he's naturally biased). Firstly, the UK pension funds don't use gilt yields to discount their liabilities. That...

I was not "getting cute" and "being smart". I think one should define the terminology well before engaging in arguments. So why don't you tell me how you define "private", instead of getting cute?

Well, firstly, how did we get into a discussion of the Bank of England? I thought this thread was about the Fed? As to the rest, I fail to see your point. The fact that the Bank of England has made some mistakes and isn't capable of performing perfectly, as defined by your exacting standards...

And, suitably, LIFFE just happens to have a significant outage on the day of the announcement... Coincidence? Hmmmm...

No, not at all... I disagree with you, because I genuinely believe you're completely wrong. However, I am also very tired, as it's been a somewhat crazy day, so I really don't feel like engaging in a lengthy discussion of why you're completely wrong. That's why my disagreement has been of the...