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Worst Since 1788

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Nov 17, 2022
the yield went from 1.50% to the current 4.00%, which equates to a 166% increase, causing the price to fall an incredible 20%

Contents

Today's chart comes from Bank of America’s Global Investment Strategy team. We have all heard that this was a bad year for longer term bonds, but how bad? Well, for the 10-year treasury this is the worst year since 1788, so basically the worst year ever.

The reason is, since the beginning of this year, the yield went from 1.50% to the current 4.00%, which equates to a 166% increase, causing the price to fall an incredible 20%.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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