Bonds Are Down 30% From All-Time Highs Today

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U.S. 30-Year Treasury Yield Hits 3%

Recently, the U.S. 30-year Treasury bond yield hit over 3% as the Treasury bond market across durations and broader credit markets continue selling off.

The drawdown in bonds is not much less than bitcoin’s drawdown from its all-time high. Legacy finance is demonstrating to be just as volatile as bitcoin.

12-hour yields for various U.S. Treasury bonds

The rise in yields has resulted in much higher bond market volatility and significant drawdowns for investors. The iShares 20-year Treasury Bond ETF, TLT, which tracks an index of long duration maturities, is now down over 30% from the all-time high back in July 2020. The latest drawdown is the fastest deceleration across a 30-day percentage change since May 2009.


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