Bloomberg/Gabriel Clinton Reynolds and Finbarr Flynn/8-29-2022
“Bonds are sliding toward the first bear market in a generation, burning investors who erred in bets that central banks would pivot away from rapid interest-rate hikes.”
USAGOLD note: In addition to raising rates, as mentioned previously on this page, the Fed will be stepping up QT at the same time. All the while, a recession is brewing in the background. The bond market, as Bloomberg reports, is already down 20% on the year by most measurements. Systemic risk, it would seem, might suddenly become a hot issue. Beware, my friends, the Black Swan.
TLT
(Bond ETF, %)
Chart courtesy of TradingView.com
