February 13, 2015

10-year US government bonds yields 1.97%. Fed declares an inflation target of 2%. Is buying those bonds a prepaid haircut?

Sir, today, Friday the 13th, February 2015, I read on your first page that a 10-year US government bond yields 1.97%. And I have a question for you. If the Fed tells us that they are targeting a 2% inflation, if I purchase that bond, would that be sort of a prepaid haircut?