The popular ETF on American long-term treasuries in April has the largest ever drawdown of -27.5%❗ For example, during the global financial crisis of 2009, the drawdown was 21%.
Another long-term US Treasury ETF has an even bigger drawdown -34%❗
Another long-term US Treasury ETF has an even bigger drawdown -34%❗
Something tells me that this time around, bonds may not be associated with “security.”
