Beware duration risk
Oct 03, 2023
Today’s graph is for the investors who still believe you cannot lose money with US government bonds. Yes, you obviously can if you own long dated maturities and rates are rising. The I-shares 20+ Year Treasury Bond ETF is down 48% since its high in 2020 and the PIMCO 25+ Year Zero Coupon US Treasuries ETF is even down 62%. Beware duration risk !