The Bond Market Is Doing Something for the First Time in Nearly 20 Years. Here's What It Means for Investors.
The Fed and inflation conditions are pushing long-term Treasury yields to multidecade highs.
Overview
The 30-year Treasury yield touched 5.24% this past week before retreating slightly. It's the highest it's been in 20 years after the Federal Reserve left interest rates unchanged at its July meeting.
So far, it's been the culmination of a six-year bear market in long-duration Treasury bonds that started with the COVID market reversal in 2020, continued through an aggressive Fed rate hiking cycle, and is now reacting to persistently high inflation.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.