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Worst Since 1788

Crews Bank & Trust Wealth Management Services Nov 17, 2022
the yield went from 1.50% to the current 4.00%, which equates to a 166% increase, causing the price to fall an incredible 20%

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Today's chart comes from Bank of America’s Global Investment Strategy team. We have all heard that this was a bad year for longer term bonds, but how bad? Well, for the 10-year treasury this is the worst year since 1788, so basically the worst year ever.

The reason is, since the beginning of this year, the yield went from 1.50% to the current 4.00%, which equates to a 166% increase, causing the price to fall an incredible 20%.
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

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