The chart ends at 2015 but it does not matter, just extend it out to 2018, because it has not changed on the flattening out of basically 0% rates driving things, unsustainably.
Not so much now. The 0% policy is being unwound. As I write, 12-month Treasuries are up to 2% and the 3-months are above 1.6%. The 10-year is just below 3%.
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us
Thereabove is cause to worry. What happens if rates keep climbing?
You are right
In my mind, I keep realizing after all this time, rates just started to climb.
I guess the last 6 mths has really noticed a consistent slow climb and I have been so used to them being nearly 0% rates.
Thanks.
Edit and corrected just now.