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Click to enlarge.
I've zoomed in on the yields from -10% to 10% in order to better show the detail. In other words, some of the data is off the chart.
This chart explains why I was and am willing to lock in real yields on long-term treasury inflation protected securities (TIPS).
If you thought the real yields of the 1970s were bad, then just look at World War II. Real yields can potentially get a lot worse.
This is not investment advice.
Source Data:
FRB: Selected Interest Rates
St. Louis Fed: CPI
2 comments:
Keep in mind that we continue to pull the 10 year moving average down.
Since late 2008 the real yield has averaged roughly -2.5%.
An Unsafe Haven
Fortunately, that's just a work of science fiction. It could never happen here!
*cough*
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