Reader warning: This is a good-news/bad-news/good-news blog. First the good news. As Reuters reported recently, the stock market has been on a “steady” climb, and it now stands to make “fresh records, extending a rally that has seen the S&P 500 gain 13 percent this year and nearly 90 percent from its March 2020 low.” A major rally is also taking place in US government bonds since their selloff in Q1, “with the benchmark 10-year Treasury yield . . . recently at 1.46 percent, a whopping 30 basis points (bps) below Q1. 

What’s more, CoStar predicts that interest rates are likely to remain at bargain-basement levels through 2023. 

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