Lsbcal
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I happened to look at my bond data for one long rate rise period and it occurred to me that the result is relevant here. Note that the trend was up but there was plenty of sharp ups and downs along the way.
My data from 5 year treasury constant maturity shows the following real rates:
1954 to 1961: 1.1%
1961 to 1971: 0.9%
Not too bad for this component of the portfolio in isolation. During this time the rates moved from 1.9% up to 5.3%. So 16 years of up trending rates with decent though not great real rates.
The current 5 year treasury rate is 0.7%. So it's worse then in 1954.
My data from 5 year treasury constant maturity shows the following real rates:
1954 to 1961: 1.1%
1961 to 1971: 0.9%
Not too bad for this component of the portfolio in isolation. During this time the rates moved from 1.9% up to 5.3%. So 16 years of up trending rates with decent though not great real rates.
The current 5 year treasury rate is 0.7%. So it's worse then in 1954.