Low interest rate regime

Five year US Treasury yield curve reached it's lowest since the beginning of the year:This is good news from different counts:

• The borrowing costs are lower and hence the US govt can push for more stimulus much needed for the current economy
• The possibility of future hyperinflation seems low, at least that gathered from the view of bondholders
• There isn't any deteriorating confidence on US' capability to repay its debt. There aren't bond vigilantes as people fear, but there are rather bond market deficit cheerleaders!