Returns in the bond market have almost never been worse

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Investors are grappling with historic losses in the bond market.

For many investors, Monday's bond market closure was a welcome reprieve from one of the most challenging periods for fixed income in years.

According to Bespoke's data, annualized total returns over the last 1-year, 2-year, and 5-year periods are now negative for investors in long-dated Treasuries. Investors in long-dated Treasuries have experienced annualized losses of 17.6% over the last two years. In the last 10 years, these returns are just barely positive, clocking in at 0.8% per year.

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