Since August 2020, the U.S. bond bear market has lasted for 47 months, with the largest pullback reaching 17.2%.
This historically long bear market has occurred against the backdrop of the Federal Reserve's tightening cycle and the massive fiscal stimulus in the United States since the pandemic. Currently, there are no signs of any contraction in the U.S. fiscal deficit.
It is worth noting that prior to this, there was a 40-year bull market in the U.S. bond market.
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Since August 2020, the US bond bear market has lasted for 47 months, with the largest pullback reaching 17.2%. This round of the longest bear market in history occurred against the backdrop of the Federal Reserve's tightening cycle and massive fiscal stimulus in the United States since the pandemic. Currently, there are no signs of any contraction in the US fiscal deficit. It is worth noting that prior to this, it was the 40-year bull market in the US bond market

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