📈 Chart of the Week 7/19/2026 By Michael Allison, CFA The Rate That Prices Everything The 30-year real Treasury yield is the price of patient money. It’s what you earn, after inflation, for handing capital to Uncle Sam for three decades and asking no favors in return. Nearly every other asset gets priced off it, or its 10-year cousin, whether investors admit it or not. For most of the 2010s that price sat near zero, and for a stretch it went negative. Free money, in real terms. That’s the...