Experts say the bond market pain is going to get worse before it gets better.Chris Hondros / Getty
The collapse in Treasury bonds is one of the worst market crashes in history, and more downside could still be looming.
Four market veterans told Insider what could come next and how the bond market could ripple through stocks and the economy.
Experts forecast that a recession could hit in 2024 and 10-year Treasury yields could breach 5.5%.
The bond market has endured a brutal bloodbath that ranks among the worst asset sell-offs in history, and Wall Street veterans still expect more pain and volatility to come.
Since March 2020, Treasury bonds with maturities of 10 years or more have tanked 46%, and losses on the 30-year bond are down 53%, Bloomberg data shows. Those line up with stock crashes of the dot-com era and 2008.
Mike Sanders, the head of fixed income at Madison Investments, attributed the losses to the Federal Reserve’s higher-for-longer stance on rates, with oil prices,…
2023-10-07 15:15:01
Article from finance.yahoo.com
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