Get ready for more US debt sticker shock as Wall Street sees a bigger wave of Treasures flooding the bond market
Set to be released on November 1, the quarterly update will lay out the department's bond issuance plans for the next three months. A prior report with upward revisions raised concerns about the bond market's appetite for additional Treasurys, sending yields higher and contributing to a historic price collapse.
The collapse in Treasury bonds now ranks among the worst market crashes in history
Since March 2020, Treasury bonds with maturities of 10 years or more have plummeted 46%, Bloomberg says.
That's just under losses seen in the stock market when the dot-com bubble burst.
The bond rout is worse than the one seen in 1981 when the 10-year yield neared 16%.
Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of 2008.
Edited by Rogerdodger, 28 October 2023 - 11:22 AM.