Bond investors with a broad exposure to different types of US securities are facing their first negative year of performance since 1999 – and only their third annual loss since 1976.
This poor performance of the US bond market reflects the large rise in benchmark US Treasury yields, which move inversely to prices.
With the Federal Reserve having announced that it will taper its bond buying from January, the benchmark 10-year Treasury yield remains just shy of 3 per cent, up sharply from its low of 1.60 per cent in May.
您已阅读20%（522字），剩余80%（2124字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。