– Treasuries Got Bernanke’d: 3 Years Gone In 3 Weeks (ZeroHedge, Aug 16, 2012):
The 20+ year Treasury bond ETF (TLT) declined 8.2% from the top. That’s more than three years worth of interest, gone in just three weeks.
Yes, there is a flip side to central bankers artificially depressing bond yields. And you thought you were smart, not falling for Bernanke’s siren songs to push you into “risky” investments.