Treasury Bonds Plunge, Yields Spike amid Stock & Crypto Mess | Wolf Street

The Treasury market is belatedly beginning to price in the Fed’s coming policy actions to crack down on inflation, but both the Fed and the Treasury market are woefully behind the raging reality of inflation.

 it’s a massacre for people who invested in long-term bond funds, such as the iShares 20+ Year Treasury Bond ETF [TLT], which tracks an index of Treasury securities with at least 20 years of remaining maturities. It dropped another 2.7% this morning, to $110.66 at the moment. It is down 23% year-to-date, and has plunged by 35% from the peak in August 2020, which marked the moment the greatest bond-market bubble in US history began to implode. It’s back where it had been in April 2014, and where it had first been in November 2008.

Treasury Bonds Plunge, Yields Spike amid Stock & Crypto Mess | Wolf Street

Stocks down

Cryptos down

Bonds down

Real estate starting down

Purchases of things down

What is this called? Recession, but it is combined with raging inflation.