For the first time in US history, US Treasury returns are on track to fall for 3 consecutive years.
— The Kobeissi Letter (@KobeissiLetter) September 2, 2023
In 2022, US Treasury returns were nearly double the 2008 losses, at -17%.
To put this in perspective, this is the second worst annual return for US Treasuries ever.
The worst… pic.twitter.com/RAJpBpcUxm
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