Via Ryan Avent, Barry Ritholtz illustrates why there’s no need to be alarmed about the recent uptick in interest rates for 30 year treasuries:
Now for some of this period, arguably the rates were destructively high, and a lot of smart people make the argument that the effort to bring rates down in the early-1990s paid off down the road. But clearly the rates around 6 percent that we had from 1995-2000 were perfectly consistent with prosperity and growth. And during the 1980s rates were substantially higher than that.
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