Bond Rout promises more pain for investors

The worst bond crisis in decades is showing little sign of abating and threatening further pain for investors and borrowers.

Battered by high inflation readings and harsh messages from Federal Reserve officials about the need for rate hikes, bond prices have fallen this year at a pace investors have seldom seen. In the first quarter, the Bloomberg index for US Treasuries was down 5.5%, its worst performance since 1980. It was down another 2.4% this month. Bond Rout promises more pain for investors

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