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Deutsche Bank Looks Back to 1780s for Parallel to US Bond Rout

  • Jim Reid cites index tracking historical proxies of US debt
  • ‘It’s been a perfect storm for bond markets,’ says BNY’s Yu
relates to Deutsche Bank Looks Back to 1780s for Parallel to US Bond Rout
Source: Bloomberg

Not since 1788 -- the year before the founding of the Treasury -- have US bonds fallen so much, according to a calculation by Deutsche Bank AG strategists.  

Jim Reid, the firm’s head of credit strategy and thematic research, published a note this week highlighting how 2022 has been one of the worst years in history for the bond market.