According to data compiled by foreign media, U.S. Treasury bonds with maturities of 10 years or more have fallen 46% from their peak in March 2020. This decline is similar to the 49% plunge in the U.S. stock market after the dot-com bubble burst in the early 2000s. The decline in the 30-year U.S. bond was even more severe, plunging 53%, close to the 57% plunge in U.S. stocks during the financial crisis.

The magnitude of the losses on U.S. Treasuries is a stark reminder of the risks associated with investing in longer-maturity bonds, whose prices are most sensitive to changes in interest rates.

The rout in U.S. Treasuries has sent shockwaves through global bond markets as investors grapple with the reality that borrowing costs may remain higher for longer. On Wednesday, Germany's 10-year government bond yield rose to 3% for the first time since 2011; Italy's 10-year government bond yield rose nearly 5%, reaching its highest level since November 2012.

While the sell-off has subsided, traders are on high alert for a return to volatility, especially if Friday's U.S. non-farm payrolls data comes in stronger than expected. Barclays says global bonds are destined to continue falling unless a sustained slump in equity markets revives the appeal of fixed-income assets. #BTC #ETH $BTC $ETH