Yeah, ignoring the fact that 10 year bonds are now up to 2.5 percent from about .5.
But go on, tell us how the inflation demon has been slain!
Agree, but the 10 year US T-Bill never got to .50. It got down to about 1.50. Still to move about 1.00 over a 6 month period is dramatic. To move about .75 in less than 60 days has been very painful to those of us in mortgage banking and our clients.