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Bloomberg US corporate high yield BB excluding energy since 1994

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Bloomberg US aggregate 1-3 year bond index since 1993

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Bloomberg US aggregate bond index since 1976

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Starting 3-year treasury yield and annual change in fed funds rate since 1972

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Absolute change in 10-year US treasury yield in percentage points since 1787

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Annual total return performance of the S&P 500 and 10-year US treasury since 1872

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US fixed income total returns (YTD as of December 31, 2022)

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US 10-year treasury total return index % change annualized since 1787

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Despite 15 years of growth and inflation, these "riches" are trading for virtually the same price as the peak of '07/08

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A decade of patience in the 60's was handsomely rewarded in the 70's

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