Over the past three years, the 10-year nominal yields and real yields have essentially plateaued—barely moving despite shifts in broader market conditions. This stagnation is noteworthy for investors tracking long-term rate trajectories and yield dynamics. When rates remain flat across such extended periods, it often signals a market locked in equilibrium or facing structural headwinds. For those analyzing macro trends and their spillover effects on alternative asset classes, this sideways action deserves attention. The persistence of this pattern suggests deeper forces at play beyond short-term volatility.