Monthly Archives: March 2022

There has basically only been 3 long-term bond market cycles over the past century or so for U.S. 10-year Treasury bonds. The 1st from 1920-1959 was rangebound interest rates from around 2% to 4%. That was due to a combination of deflation following the Great Depression and a cap on rates to help fund World War II in the 1940s. Inflation picked up in the 1960s and rates followed its lead. Prices spiked even higher in the 1970s and inflation … Continue reading