The result is rising interest rates, which creates an opportunity for investors who now want to consider owning Treasury bonds, as the Journal’s Jason Zweig notes:
Investors have resumed worrying the Federal Reserve will have to crank up interest rates higher and longer to stifle inflation, after dismissing such fears a few short weeks ago. So long-term Treasury securities have lost about 5% so far this month, and the bond market as a whole is off about 3%