A Wealth of Common Sense · 29 September 2026 · Industry Analysis

A Brutal Bond Market

Ben Carlson

Bond markets have delivered their worst returns in modern history over the past 5-10 years, eroded by low starting yields, rapid rate increases, and high inflation. The silver lining: yields are now at 20-year highs, resetting return expectations favorably for long-term investors.

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Topics: Banking & Capital Markets

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