Treasury Bond Market in Historic Bear Market as Yields Surge on Fed Rate Hikes

U.S. Treasury bond market has shed almost 25% of its value since 2020, the biggest bear market in history according to Bank of America.

Previous biggest declines were in 1860 before Civil War (18.7% drop) and late 1830s during Jackson presidency (16% drop).

Comes after one of the longest bull runs ever, with steady returns for 40 years leading up to 2020.

Yields on 10-year Treasurys have soared since early 2021 as Federal Reserve hiked rates to combat high inflation.

Treasury bond ETFs like TLT and IEF that track bond prices have lost 25-50% of their value amid rising yields.