The move higher in Treasury yields over the past month has been another blow to bond investors, who are now sitting on long-term returns that are worse than cash. Bank of America investment strategist Michael Hartnett said in a note to clients that the rolling 10-year return on U.S. Treasurys is now in the red at -0.5%. “At no time in the past 90 years has [the] 10-year rolling return from U.S. Treasuries been negative. It is now,” Hartnett said. “This is peak in ‘anything but bonds’ trade of 2020s; by comparison, long-run returns for U.S. stocks [is] 13.1%, commodities 4.5%, IG bonds 2.4%, T-bills 1.8%,” he continued. TLT ALL mountain Treasury bonds have struggled over the past decade, especially long-dated bonds like the ones held in the TLT ETF. The price of bonds moves opposite to yields, so the fact that bonds have performed poorly over a period that included rapid interest rate hikes from the Federal Reserve is perhaps not too…
Returns on Treasury bonds haven’t been this poor in the last 90 years
Date:
More like thisRelated
Tampa RV giant Lazydays to delist from Nasdaq
Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...
Granite Geek: New Hampshire might get access to ‘balcony solar’
I had solar panels put on my roof six...
TSX Today: What to Watch for in Stocks on Monday, November 10
Despite firm gold and silver prices, Canadian stocks...
While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!
As market-wide fear grips the sector, the Binance Coin...