US 30-year Treasury prices have fallen 60% since 2020, erasing two decades of gains and hitting levels last seen in 2000 as yields surge 478 basis points.
Macro & Markets ·
US 30-year Treasury prices have fallen 60% since 2020, erasing roughly two decades of gains and reaching levels last seen in 2000, while yields have climbed 478 basis points from a March 2020 intraday low of 0.71%. Over the same six-year period, US nominal GDP expanded 63%. The current decline exceeds the 35% drawdown experienced during the 2008 financial crisis, marking one of the worst bear markets in Treasury history.