10-Year Treasuries Mark a Not-So-Happy Anniversary as Returns Tank - Barron's
1. 10-year Treasury yield rose significantly, impacting bond market returns. 2. Investors faced the worst five-year returns for 10-year Treasuries on record. 3. Newer bonds issued at higher coupon rates reduce the value of existing bonds. 4. Future yield increases need to climb towards 8% to mimic past declines. 5. Current high rates can favor investors with better coupon rates now.