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NASDAQ-Reuters/Jamie McGeever/10-31-2022
“In the worst year for U.S. Treasuries ever, it is the ultra-long end that investors should be most worried about.”
USAGOLD note: As one analyst quoted in this article points out, the 30-year Treasury pays 4.1%, and so does the five-year. So why buy the 30-year, particularly in an inflationary environment? McGeever worries the problem at the long end could “quickly spread to the rest of the bond complex and financial markets more broadly…” This article, in general, warns that there are serious problems in the bond market that could get out of hand.
30-year Treasury yield vs 5-year Treasury yield
Chart courtesy of TradingEconomics.com
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