• Jeffrey Fisher

The Magnitude Of The August Bond Rally (2019)

The recent price action in long duration treasury bonds raised eyebrows at Essex Asset.

The Bloomberg Barclays Long Treasury Index (TLT), which returned 10.5% in August, had its fourth best monthly return in data dating back to January 1973. In 560 monthly observations, this puts the August gain in the 99th percentile of all monthly observations.

We found this article to be an interesting take on the recent moves.


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