Treasury bonds have erased this year's losses amid a rebound from their historic collapse.
After falling as much as 3.3% earlier this year, the Bloomberg US Treasury Index is now roughly flat.
After falling as much as 3.3% earlier this year, the Bloomberg US Treasury Index is now roughly back where it was at the end of 2022.
The hawkish stance sparked a historic crash in long-dated bonds, which suffered 46% losses between March 2020 and early October.
And so far in the month of November alone, the Bloomberg US Treasury index is up 2.8%, its largest increase since March.
Persons:
—, Treasurys, there's
Organizations:
Bloomberg US, Federal, Service, Treasury, Federal Reserve, Bloomberg, JPMorgan, YE24