[gkuan]

One interesting thing is that even nominal Treasuries are yielding above CDs at the moment but the difference is more like 20 bps or so.

Can you imagine the people who bought i bonds in the 2000s when the fixed yield part of the return was 3.6%? Though they obviously had their ups and downs, but right now if they held on they are sitting on a year of 10%+ yields.