That drop in yields didn’t last

Well, that bounce in Treasuries ended fast. The 10 yr yield is now at 1.18% and the 30 yr is at 1.98%. To highlight the impact of long duration and changes in interest rates, TLT, the 20+ Treasury bond ETF, is down 6.0% in the first 5 weeks of the year as of where its trading right now pre market. With interest coupons so low, that is 4 years of interest income gone in no time.