Recent Treasury selloff minor by historical standards

Zero Hedge Watch
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Recent Treasury selloff minor by historical standards. During May and June this year, the market saw a rapid selloff of Treasuries after the Fed announced earlier than expected tapering. This sent prices tumbling and yields up putting a dent in bond investors' profits. While this event was bad for the bond market, it was still only relatively minor. Historically, the recent Treasury selloff was only the 13th worst in history. In comparison, during the worst selloff in 1980, nearly four times as many bonds were sold and yields went up by nearly five times as much on the 10-year Treasury. It's worth keeping in mind that as bad May and June were for Treasuries, it could get much worse should the market gets more bad news. (VIEW LINK)

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