Recent Volatility of Rates

Talking to one of our CLAs recently we discussed the speed at which rates have moved up. Researching it further - I was surprised to see that this is the largest rate of change in recorded history. Long term rates have increased 65% in 1.3 years.

History doesn't repeat, but it often rhymes. Last time this happened in we saw two spikes over 4.5 years. Not surprisingly, it was during our last period of high inflation in the last 70's that we saw these 87% and then a 50% move upwards.

This time things appear to be moving much faster - meaning it may move up faster and then also move back down faster.