BlackRock’s fixed income chief, Rick Rieder, says the Treasury market is making history before our eyes.
In a tweet on Thursday, Rieder noted an index tracking the performance of long-dated Treasurys had fallen more than 20% from peak to trough, meeting the widely accepted definition of a bear market. That drawdown was unmatched in the last four decades. This comes after the 10-year Treasury note yield TMUBMUSD10Y, 1.722% touched 1.75% this week, and the 30-year bond yield TMUBMUSD30Y, 2.446% flirted with 2.50%, with both levels considered as key lines in the sand for long-dated government bonds. Bond prices move in the opposite direction of yields.
🌈🐻
I can’t explain how you make me feel right now the joy in me is unexplainable. I have made many profits in the past 2months through the help of Mullen_miki Thank you I'm so greatful
I noticed that a crowd of people testifies about how a manager helped them earn a lot of money from trading. So, I decided to give her a try and to my surprise, in a week I earned more than what I invested. reasonable amount that I can’t even get from my current job.Mullen_miki
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Reuters - 🏆 2. / 97 Read more »