US 30-year Treasury index down 60% since 2020 in worst bond bear market in 40 years
- —US 30-year Treasury price index down 60% since 2020 to about 107 points
- —Drawdown is nearly twice as deep as the 35% decline during the 2008 crisis
- —30-year yields up 478 bps from the 0.71% low in March 2020
- —US nominal GDP grew 63% over the same period
Why it matters: Elevated Treasury yields pull capital away from risk assets and raise borrowing costs, while strengthening the case for bitcoin as an alternative store of value.
Source: BeInCrypto RU