U.S. government bonds are having one of their worst quarters since the U.S. Civil War

MarketWatch/Vivien Lou Chen/3-30-2022

“Thursday will mark the end of what’s set to be the worst quarter for the 10-year U.S. Treasury since the early 1980s, [Deutsche Bank’s Jim Reid] says. The only other period with even worse total quarterly returns for 10-year Treasurys or their equivalents was the fourth quarter of 1931, during the Great Depression, according to data since 1865.”

USAGOLD note: As a number of economists have pointed out, we are at the end of the era of declining rates that began in the early 1980s. We know where we are going with rates (at least there’s a popular consensus on the matter), what we don’t know with any degree of certainty is how the economy and financial markets will react. Perhaps the worst quarter in bond market history since the Civil War offers a clue ……

Chart courtesy of TradingEconomics.com