This chart of 10yr Treasury yields since 1790 is from Doug Kass at Real Money.
Dougie notes “The only time that yields have consistently been below current levels was WWII — 1941-44 — and and immediately after, to 1951, when the U.S. enforced a ceiling on yields. Even during the 1930s when the great Depression contracted the economy 25%, deflation drove yields to 2.5-4.0%.”
10’s are currently 2.436% after the durable goods number yesterday.
10 yr Treasury yields since 1790
hat tip via David W