Long bonds are cratering - with the asset class racking up losses that rival the 2008 stock-market crash

Thu, 10/05/2023 - 05:51

lehman brothers — 10-year US Treasurys have plunged 46% since March 2020 in a rout that rivals the losses stocks suffered during the 2008 financial crisis.
Oli Scarff/Getty Images

Longer-duration bonds have plummeted in recent weeks, with key yields nearing 5%.
The rout means 10-year US Treasury prices have now plunged 46% since March 2020, per Bloomberg.
That sell-off rivals some of the worst-ever financial market crashes, including the 2008 crisis.

Longer-term bond prices have cratered in recent weeks, turning an already-rough period for the asset class into a rout that rivals some of the worst-ever US financial-market crashes.