Highlights & Lowlights
The collapse in Treasury bonds now ranks among the worst market crashes in history. Since March 2020, Treasury bonds with maturities of 10 years or more have plummeted 46%, Bloomberg says. That’s just under losses seen in the stock market when the dot-com bubble burst at the end of the last century. The bond rout is worse than the one seen in 1981 when the 10-year yield neared 16%.