Since hitting their peaks last year, stocks and bonds have been hemorrhaging amid soaring inflation, rising interest rates, and war in Eastern Europe.
The leading U.S. benchmark indexes are deep in the red year-to-date. The Dow Jones Industrial Average has slumped about 9 percent, the Nasdaq Composite Index has plunged 20 percent, and the S&P 500 has tumbled nearly 13 percent.
Despite several U.S. Treasury yields hitting multi-year highs, many of the top bond exchange-traded funds (ETFs) are not performing any better.
So far this year, the iShares U.S. Treasury Bond ETF has slipped roughly 8 percent. The iShares International Treasury Bond ETF has fallen close to 14 percent. The SPDR® Bloomberg International Treasury Bond ETF has dropped 14 percent.
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