As I have said, Paul Krugman is totally clueless about theory and policy, but he is a great numbers watcher. This morning he points out that the 10 year Treasury bond closed below 3.00% yesterday, at 2.97%.
Anyone who owes money, whether for business or personal reasons, should lock in these rates. They will not last. When the rates start to climb higher, the move is going to be fast and furious. Everyone entering these markets now, will come flying out. Don't be on the wrong side of this trade by holding any long term debt paper.