I've been look so long at these pictures of you
That I almost believe that they're real
I've been living so long with my pictures of you
That I almost believe that the pictures are all that I feel
--The Cure
Am not a big fan of 3-D graphs. My experience is that information is lost when trying to express that third dimension in two dimensional space.
However, this 3D of the Treasury yield curve since 1990 (source here) does a good job of capturing level and trend in yield curve over time.
If the previous decade (1980-1990) was included, one could REALLY get a picture of how far we've come. (In 1980, 10 yr yields were north of 15%).
New perspective on policy blunders and the resulting financial repression. Will likely also look back on this with 'coiling a spring' type metaphors.
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Monday, July 16, 2012
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2 comments:
The 10 year bond has spent 55 consecutive days below 2.00%.
From 1962 to Sep 2011, about 50 years, the 10 year bond was never below 2.00%.
~Michael Higley
An index of 20 year+ zero coupon treasury bonds is up over 70% during the last 52 weeks.
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