Sharp US bond selloff revives flashbacks of COVID-era 'dash-for-cash'

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5. Interesting graph of 10Y Treasury yields. Bond fund values that were gaining are now back to pitsville

https://finance.yahoo.com/quote/%5ETNX/

Just above that graph, one might want to click "1M" to see the craziness over the past month,
or "6M" to see 6 months of it.

The "5D" shows the last five trading days -- highlighting the rise from an April 4 local bottom, from 3.9% to 4.4% currently.

Always keeping in mind that rising yields causes bond values to go down.

High yields are good for new bond buyers, but are bad news on existing bond and other fixed income portfolios of all kinds.

My bond funds were having a nice recovery over the last few weeks as the stock market fell (the S&P 500 has been falling since its all time high on Feb 19), but happily my bond funds helped to partially offset the stock market losses .

Now with the sudden surge of bond yields from an April 4 local bottom, they are almost back to where they were in February, meaning bond and other fixed income holdings are almost back down to their February levels.

And just to be clear, today's stock market surge did not get us back to a positive "tRump trade". Far from it.

The S&P 500 closed Wednesday April 9 at 5457, up 9.5% for the day,
and down 5.6% from the 5783 election day closing level,
and down 9.0% from the inauguration-eve level,
and down 7.2% year-to-date,
and down 11.2% from its all-time closing high of 6144 on Feb 19.

I daily update the above S&P 500 statistics in the Economy Group at https://www.democraticunderground.com/111699775