Economist Steve Hanke attributed the crash to Donald Trump's tariffs, fiscal mismanagement and a war of choice on Iran. Hanke stated that these administration policies were the primary factors that tanked the bond market.
Tuesday, October 20, 2026
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US Markets14 days ago
American Treasury securities have plummeted to a level where returns are lower than at any other comparable period since tracking began. US government bonds posted their worst 10 year return in history, marking an unprecedented collapse in value for long term holders as reported by Bianco Research and Hedgeye.

Economist Steve Hanke attributed the crash to Donald Trump's tariffs, fiscal mismanagement and a war of choice on Iran. Hanke stated that these administration policies were the primary factors that tanked the bond market.
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State Street SPDR S&P 500 ETF Trust
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Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.