Bond Market Collapse Must Have Been Next on Biden’s To-Do List

Thanks to the Biden-Administration-created runaway inflation, this is one of the worst years in the history of the bond market.

The Bloomberg Aggregate Bond Index or The Agg (shown above) is used by investors to measure the performance of the U.S. bond markets, including U.S. Treasuries, highly-rated corporate bonds and mortgage-backed securities.

The thick black line is 2022 so far, while the previous 25 years are in color.

“Nothing remotely close like this has happened before.”

Jim Bianco, Bianco Research

This bond market is worse than 1980, which scarred bond investors for a generation, according to Jim Bianco, of Bianco Research.

The Wall Street Journal reports it might not be time to give up on bonds, noting that at least nine past periods have been worse adjusted for inflation.

Meanwhile, Blackrock, the wokest and largest asset management firm in the world, continues buying up single-family homes.

Read more: US Treasury yield curves between three years and ten years flatten, with two inversions. That’s not good.

See more toons from the talented Lisa Benson.

Charts courtesy Jim Bianco.

This is not investment advice. Go ask the “Big Guy.”