10-year U.S. Treasury note hit a 15-year high, at 4.258%

 

16 August 2023

Bond Yield Hits Highest Since 2008, Adding Pressure to Borrowing Costs - WSJ



Summers Sees 10-Year Yields Averaging 4.75% in Coming Decade

Over the past two decades, they’ve averaged about 2.90%


Bloomberg 16 August 2023



The “secular stagnation” hypothesis, popularized by former US Treasury Secretary Lawrence H. Summers in 2013.

In 2020, jointly with Jason Furman, Summers reiterated that “real interest rates are expected to remain negative.” 




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