Compared to core inflation, the 10-year US Treasury note currently yields a "real yield" of about 2.7%. This is the highest rate since 2010 and significantly higher than the 1.6% average since 1990.
However, if you look at the graph, you can see that this "average" is a derivative of very cheap money during the covid pandemic and simply cheap money after 2010.
While in the 90s and 2000s, the real return on government securities was at the same level and even higher, 3.5-4%.
This allows many US analysts to say that we may soon see the yield on 10-year US government securities at 6%.
What is now considered "precious money" is actually the long-term norm. Instead, the short period 2010-2022 was an exception.
If we talk about Russia, then in the first half of the 2000s, high inflation did not hinder the rapid growth of the economy at all.
With inflation at 11.7%, the central bank's refinancing rate was 14%, and GDP growth that year was 7.2% (!).