Why a 4.5% Nominal Rate is Roughly Equilibrium…Hmmm, Sounds Familiar… I was planning to write today about why a 4.5%-5.0% nominal Treasury rate is not only not the end of the world, but actually sort of normal. Naturally, the reason I am even thinking about the topic is because of all of the apparent alarm because the current long bond recent peeked above 5% and […]
https://inflationguy.blog/2025..../05/28/why-a-4-5-nom