Once again during the hoped-for year of the bond, investors in Treasury debt are looking at losses as long-maturity yields approach their highs of last year.
The year-to-date return from US government notes and bonds as measured by the Bloomberg Treasury index was -0.13 per cent through Tuesday. The loss was poised to deepen on Wednesday as 10-year and 30-year yields reached the highest levels this year after the minutes of the Federal Reserve’s last meeting flagged the risk of additional rate increases.
