(Photo: Shutterstock)
The U.S. economy has gone through a dramatic shift over the last four decades and one trend stands out above the rest, a strong and steady decline in interest rates. The 10-year Treasury yield went from over 15% in 1981 to an all-time low of .52% in August of 2020 (see chart below). Over the same period, the federal funds rate has fallen from 20% to nearly zero and the 30-year fixed mortgage rate has dropped from over 18% to below 3%.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
