- Longer-duration Treasury prices have plunged in recent weeks, driving benchmark 10-year yields toward 5%.
- The collapse now ranks among the worst in history.
- These charts show how the meltdown compares to previous market crashes, including the 2008 financial crisis.
US bond prices have plummeted in recent weeks, turning what had already been a bad stretch into one of the market’s worst-ever routs.
Yields on 10- and 30-year US Treasurys are approaching 5% for the first time since 2007 with investors fretting that the Federal Reserve will keep interest rates at their current level well into 2024 in a bid to kill off inflation.
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