How would you like an 11% cut to your paycheck? That’s exactly what’s happened to income investors who own long-term Treasuries (ChicagoOptions:^TYX).
At the beginning of the year, 30-year U.S. Treasury yields (NYSEARCA:TLT) were above 3.90% but have trended lower. That’s not what income investors who piled into long-term Treasuries were expecting.
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