Thirty years of the 30-Year

Nice thirty year chart showing the net change in interest rates, via the 30-year treasury bond.

Given the high (inverse) correlation between interest rates and stock prices, the 1982 to 2000 bull market is much less about productivity, ideology, or deficit reduction — it was about falling interest rates, plain & simple.

30 Year Treasury Bond, 1979 – 2009

via Yahoo! Finance


Hat tip Paul

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