Yield shock hits 60/40 investors as bonds stop balancing stocks

A brutal spike in long-term bond yields is ripping apart one of Wall Street’s most basic investment strategies; the 60/40 portfolio. Investors who rely on the idea that bonds cushion equity losses are now watching both assets sink in tandem. The problem hit hard in May, when 30-year Treasury yields shot past 5%, dragging stock […] source: https://www.cryptopolitan.com/bond-yield-shock-hits-60-40-investors/