Here are the 10-year rates of the G7:
It makes no sense to me that the US is paying such a high rate when compared to other countries. The dollar will strengthen against other currencies and cause imports to become more expensive, leading to inflation. I can hardly fathom that Germany has negative rates or that Japan’s rate is non-existent.
With the Fed likely to continue to increase rates the U.S. will be at 2.5% before too long. Why are other countries skating by? Isn’t inflation a worldwide event?