My view is that we will only get out of this mess as overall debt levels are reduced to around 1.5 x GDP, and ordinary lending to high quality borrowers begins again. (alephblog.com)
The good news is that the Treasury is an extremely high quality borrower, so you are taking very little risk on your investment. (blackrockblog.com)
«Iffy» borrowers have to pay a bit more in interest, so you earn a bit more on loans to them; high quality borrowers pay you a bit less but you can be pretty sure that they'll repay their borrowings promptly and fully. (mutualfundobserver.com)