Your chart ends at 2017
10 year rates were 0.76 first week of November 202.
Now, buddy says 3& is not a problem
Cept for everyone who purchased a note at 0.76%, and now watched value crater as market rates got to 3%.
Cept for Government who rolls over a 0.76% bond with a 3% bond, and blows up their budget with massive interest payment increases
So what? The wrong investments never work out.