Ok, a 15% decline on the long bond isn’t the end of the world…but how does that look in context to history?
Luckily we have lots of old posts on the blog that look at bond drawdowns and what they mean for future returns…
Is Gundlach Right, Have Bonds Bottomed? – July 17, 2013
When Bonds Go To 0% (Updated) – October 20, 2012
Returns To Bonds Vs. Changes In Interest Rates March 23, 2011
When Things Go On Sale, People Run Out Of The Store – March 12, 2011