Why Would Anyone Own Bonds Right Now?
Here’s some good 2020 finance trivia for you: What’s the better performer this year — the red hot Nasdaq 100 index of tech behemoths or boring old long-term bonds?
The Nasdaq 100 ETF (QQQ) is up an astonishing 25.5% this year during a pandemic and that’s including a 29% peak-to-trough drawdown. But the long-term treasury ETF (TLT) is up 27.3%.
Long-term bonds are outperforming tech stocks in one of the weirdest years ever in the market.
Stocks get all the love and attention because they’re mo…