The Current Bond Market Drubbing Is Nothing Compared to the Last Six
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The bond-market freak-out that's wiped out about $280 billion in value during the last three weeks pales in comparison with other recent market meltdowns.
Bloomberg Intelligence Credit Strategist Richard Salditt tallied them up -- from the one in February sparked by stronger-than-expected U.S. job creation, to the 2010 rout triggered by angst that Greece could leave the euro -- and found that the average loss is $479 billion, or about 70 percent higher than the current total.