For today, just a chart and 3 quick points. Check out the journey US interest rates have been on, and where they are now!
The 3 points
1- with the exception of a minor blip, interest rates have been basement dwellers for almost 2 decades.
2- there is a material gap between US savings deposit rates (what banks pay depositors) and the 6 month T-bill yield. Unless fixed, this may exacerbate the bank funding issues seen earlier this Spring
3- Interest earned on fixed income represents a real alternative to stocks, especially for conservative investors, who have had to chase stocks for dividends for years. This demand drop off could have an impact on stocks
