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Bond Bulls Beware: The Bloodbath's Not Over (Quite) Yet

One major part of the market that will dictate sentiment and performance this year is US treasuries.

Today’s CoTD from Deutsche Bank shows that in the 14 Fed easing cycles since 1966, this current one has so far seen the second worst performance of 10yr USTs.

Yields have now climbed 91bps since the Fed started hiking rates back in mid-September last year.

via January 7th 2025