The 30-year Treasury just reconfirmed a 34-month ascending triangle. Long-term trend? Still up.
I remember taking out a mortgage at 14% in 1983. People forget: higher rates aren't the anomaly. They're the historical norm.
We've been spoiled by a 40-year bull market in bonds. That era is over. The question isn't whether rates can stay elevated—it's whether we've structurally adjusted our thinking yet.
Most haven't.
I remember taking out a mortgage at 14% in 1983. People forget: higher rates aren't the anomaly. They're the historical norm.
We've been spoiled by a 40-year bull market in bonds. That era is over. The question isn't whether rates can stay elevated—it's whether we've structurally adjusted our thinking yet.
Most haven't.