[singlon]

we got some
1. Although many don’t realize it, interest rates are simply the price of money.
2. Interest rates last peaked in 1981 at over 15%. Then, they fell for 39 years and bottomed in July 2020 at around 0.62%.
3.

4. Since the bottom in 2020, yields have gone up more than 5x. This reflects a significant shift. I think we are now at the very beginning of a new, long-term uptrend in interest rates.



As of writing, the 10-year Treasury is yielding around 3.2%. That’s still far below the long-term historical average of approximately 5.6%. It’s also not even in the ballpark of the US government’s dubious official inflation rate of 8.6%, which is undoubtedly understated.

In other words, interest rates have a lot of room to go up.

I expect interest rates to reach new all-time highs in this new, long-term cycle. That would mean we’d see the 10-year Treasury yield north of 15%.
https://www.zerohedge.com/economics/rare...s-imminent