Bonds - What's Going On?

10 year treasury yields were down to half a percent in mid 2020. Got over 4% in early March this year, which has the highest have been since 2010. Interstrates your eyes to 4%, and you can get new $100 bonds paying $4 per year, but you're stuck with these old ones, which you've got to sell. So it's an incredible capital loss. The Federal Reserve drove up the Varaprasas in the first place in a false belief about how that would stimulate lending. This is how we pay for having neoclassical economists in charge of anything. Of course they're going to stuff up. It's a question of which wall are we going