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Charlie Bilello, chief market strategist at Creative Planning, highlights that the U.S. bond market has now been in a drawdown for 69 months, marking the longest such period in history.
The extended decline is unprecedented and sets a new record for the U.S. bond market's duration in negative territory.
Bilello has previously tracked sizable moves in other markets. He recently noted that U.S. gas prices reached $4.39 per gallon, the highest level since July 2022. Earlier this year, he reported major price increases in jet fuel, oil, and other commodities since the start of the Iran war.