Average U.S. 10-Year Treasury Yield Performance in Fed Rate Cut Cycles

Since 1966, the current Fed easing cycle has resulted in the second-worst performance of 10-year U.S. Treasury bonds. The only period with worse performance was in 1981, during Chairman Paul Volcker’s aggressive measures to combat inflation.

Image: Deutsche Bank

Average U.S. 10-Year Treasury Yield Performance in Fed Rate Cut Cycles