Morgan Stanley analysts explain that we are in a “Bear market for bonds: The US 10-year bond touched 4.99% on Thursday, the highest level since 2007, and the curve now has the steepest slope since 2013. Bonds have experienced the strongest bear market in history, while equity returns on bonds are at record highs.”
According to Intermoney analysts, the market has experienced in the third quarter “The biggest drop in bonds in 25 years, with their worst quarterly performance since 1998: a 3% fall in Q3. Global government bonds, for example, lost 4.6% during that period”.
