0%
2%
4%
6%
8%
10%
12%
US Stocks
Nominal Return
Inflation-adjusted Return
6-month CDs
10-Year Treasury Bond
90-day Treasury Bill
5.2%
1.2%
4.6%
0.6%
6.2%
2.1%
9.9%
5.7%
Annualized Returns for CDs, T-bills, T-bonds and US Stocks, 1966 – 2022
