Our nephews have back-to-back birthdays, so with assistance from @lilianasegura.bsky.social, I made them a couple cakes.

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It hit around 16% under Reagan. One aspect then, among others, which might be again applicable now is the fear of nuclear war/ WW3 which increased with Reagan’s aggressive foreign policy. All of us have got the jitters now, looking at the world around us, debt markets are no different.

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hitting 5% has historically been the "everybody freak out!" sign post, but we're just moseying past it

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yeah, we grazed it in 2023 for a day and it wasn't a big deal, but we're talking about a couple of weeks now. It's still not the end of the world, but it's definitely time to start raising an eyebrow, I think

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As I understand it going over 5% isn't necessarily too bad, staying there for any lengthy period is when things start to get bad.

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