US Bond Market in Historic Sell-Off as Yields Surge and Inflation Weighs

The US bond market is experiencing its biggest sell-off in history, with yields quintupling since 2020.

BlackRock says the rout still has room to run as inflation, Fed policy, and rising US debt weigh on the market.

Benchmark 10-year yields have surged to 4.72% from 0.92% at the end of 2020.

The ongoing selloff is the deepest bond bear market in the 247-year history of the US.

BlackRock is avoiding long-term US bonds and prefers short-dated ones with high yields and lower risk.