The Treasury Department auctioned five-year notes at a high yield of 1.015 percent and a bid-to-cover ratio of 3.04.

I have some friends who look at the  5-year breakeven and think these means the government is currently borrowing money for cheaper than free.

One-Year Chart for US Breakeven 5 Year (USGGBE05:IND)

I have other friends who look at a longer term picture of the price of gold, conclude that hyper-inflation is on the way and and thus the government is being offered the deal of lifetime.

Say you are in the second camp, then I ask: If bond buyers are willing to hand you a solution to all of the US deficit problems – sell five years and then get the value eroded away by inflation – who are we to say no?