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The Bonds Are Broken
2023's "year of the bond" mantra continues to disappoint investors who mistook a narrative for a trade recommendation.
I'd say lesson learned, but nobody ever learns. Anything, really.
On a day when news out of China dominated financial media headlines, one other story managed to grab some attention: Treasury yields were higher from the belly on out the curve. 10-year yields were the highest since October.
The selloff wasn't especially pronounced, but it was notable nevertheless, and not just
That said, I keep buying CDs that yield over 5% (for the short and medium term at least.) Even long terms paying over 4% isn’t terrible, considering I was told to expect an average 4-5% portfolio return rate over the entire upcoming decade.