BOND BEAR
01/15/2025 |
Looking at a graph of yields on US Treasurys, one is immediately confronted with the fact we are now in the sixth year of the third Treasury Great Bond Bear Market (GBBM) since 1790. The first GBBM was from 1899 to 1920. The second commenced in 1946 and terminated in 1981, and the current GBBM began in 2020 and remains ongoing. GBBMs are long lived, let’s hope this one isn’t.