Market Valuation, Inflation And Treasury Yields: Clues From The Past

 | Jun 09, 2013 12:33AM ET

Note from dshort: I've update the charts in this commentary to include the latest monthly data.

My this article for some background information.

To support my characterization of the current Effective Federal Funds Rate as "unprecedented", here is a snapshot of the complete FFR history from the FRED repository.