1/4
While everyone focuses on the stock market, their is a tremendous amount of pain in the bond market.
The 30-year Treasury’s total return index is suffering its worst drawdown in history as it is now down 31.4% since its March 9, 2020 peak.
@ConvexityMaven @FedGuy12
While everyone focuses on the stock market, their is a tremendous amount of pain in the bond market.
The 30-year Treasury’s total return index is suffering its worst drawdown in history as it is now down 31.4% since its March 9, 2020 peak.
@ConvexityMaven @FedGuy12
2/4
Year-to-date the long bond has corrected 14.46% through March 14. This is tracking its worst start in history.
Year-to-date the long bond has corrected 14.46% through March 14. This is tracking its worst start in history.
3/4
The MOVE Index is a broad measure of the bond market’s implied volatility. It has risen to levels not seen since March 2020 and the second-highest reading in the last 13 years.
The MOVE Index is a broad measure of the bond market’s implied volatility. It has risen to levels not seen since March 2020 and the second-highest reading in the last 13 years.
4/4
Mkts are dishing out pain. The stock market is in bear market territory (NASDAQ and RTY)
Commodities mkts are wild and top traders are scrambling to meet margin calls
And the bond market, everyone’s favorite place to hide, is punishing with the worst losses in history.
Mkts are dishing out pain. The stock market is in bear market territory (NASDAQ and RTY)
Commodities mkts are wild and top traders are scrambling to meet margin calls
And the bond market, everyone’s favorite place to hide, is punishing with the worst losses in history.
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