The Fed's Destroyment Path

In 2024, which is basically a one year municipal bond, the yield came in at a 395. In 25 years, this is the first time that I've seen a over a 450. So you have a 450 coupon to yield a 455 for a dollar price of just above 99. That's a 7.22% taxable equivalent yield. It'll be my guess as the Fed continues to do its destruction path. But on a risk adjusted basis when you're looking at the risk and equities, it's a pretty attractive return.