Your colleague, a financial advisor, suggested the following statement to his clients:

Given the current spot rates seen in the snapshot below taken from the Wall Street Journal website, its best to wait and invest at a higher rate in the future instead of investing right now.

Based on your knowledge of short-term rates introduced in FIN 321, critically analyze whether the statement above is correct, and more importantly WHY (or WHY NOT)?

U.s. I reasurys AM EUI S/1b/LS U.S. Treasurys 858 AM EDT 3/15/23