Will the Treasury Rout Continue?
Quietly, high-quality bonds have taken a beating.
Today’s investment headlines focus on the winners, such as GameStop (GME), ARK ETF Trust (ARKK), Tesla (TSLA), and celebrity Special Purpose Acquisition Companies. But relatively little attention has been paid to what has been something of a historic bond-market decline. Over the past eight months, 10-year Treasury notes have shed 9.5% of their value, while 30-year bonds have dropped by 23.9%.
John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.