Tag Archives: Enteprise Products Partners
No, it’s nothing like the good old panics the bond market used to treat us to, back in the 1980s and 1990s. But bond prices have taken a pretty good drubbing over the past four weeks. Even with today’s rally, the price of a long Treasury is about 5% off its February peak. Since early 2000, when the stock market bubble popped, every “correction” of 5% (or more) in bonds has ultimately rewarded investors who had the moxie to buy.