Barry Ritholtz asks: Why have yields on US Treasuries been so much above other nations?
Actually, real yields in the US are pretty low.
|Yield on 10-year|
With the exception of deflation-prone Japan, the other nations have real yields about twice that of the US.
Perhaps the better question to ask is: Why has the US inflation rate been so much above other nations?
Or: Why has the Federal Reserve been so much more tolerant of inflation than other central banks?