While We All Cheered As Interest Rates Declined…
Currently, interest rates for 10-year and 30-year treasury bonds are approximately 1.62% and 2.38%, respectively, just over half the levels of a decade ago. In fact, we’ve realized a generational decline in long treasury interest rates which were between 6% and 8% in the 1990s and even higher in the 1980s. When treasury rates decline, rates on most bonds with similar maturities decline as well, meaning consumers and companies alike have enjoyed substantial savings in borrowing costs for decades. However, all has not been well in certain corners.