US Bond Market Faces Uncertainty | Barry Eichengreen
TL/DR -
The last two years have seen a rapid decline in US Treasury bonds, making 2022 the worst year for bond investors since 1788, with prices set to fall again in 2023. However, with the interest rates on 10-year Treasuries now close to 5%, more than triple the levels of two years ago, many investors are returning to the market in anticipation…