Last Week's $1 Trillion Bond Wipeout Sparks Fear Of 1970s Carnage

The value of the Bloomberg Barclays Multiverse Index, which captures investment-grade and high-yield securities around the world, slumped by $916 billion last week, the most since the aftermath of Donald Trump’s election victory in November 2016..... American high-grade obligations are down 2.53 percent in 2018 -- a Bloomberg Barclays index tracking the debt has dropped in just three years since 1976.

“Bond investors have rarely seen losses like this over the past 40+ years,” Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, wrote in a blog post. “Any further moves higher in rates could lead to the worst year since 1976 in terms of overall bond returns.”

 

https://www.bloombergquint.com/markets/bonds-in-916-billion-wipeout-spark-fear-of-worst-run-since-1976#gs.qwPh=Jo

 

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