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Newsig · Seeking Alpha

U.S. Treasuries see worst quarter since 1994

Market context: TLT: Treasuries are the directly affected instrument; long-duration Treasuries reflect the worst quarterly performance since 1994. The worst quarterly Treasury performance since 1994 signals sharply rising long-end yields, pressuring long-duration bond prices. SHY: Short-duration Treasuries are less impacted but the broader rate selloff affects the Treasury curve. The Treasury selloff has a smaller impact on the short end, though front-end yields also rose. SPY: Rising Treasury yields typically pressure equities through higher discount rates and tighter financial conditions. Higher long-end yields raise discount rates and can weigh on equity multiples, particularly for growth stocks.

Why it matters

TLT (20+ Year Treasury) · Why linked: Treasuries are the directly affected instrument; long-duration Treasuries reflect the worst quarterly performance since 1994. Market context: The worst quarterly Treasury performance since 1994 signals sharply rising long-end yields, pressuring long-duration bond prices.

SHY (1-3 Year Treasury) · Why linked: Short-duration Treasuries are less impacted but the broader rate selloff affects the Treasury curve. Market context: The Treasury selloff has a smaller impact on the short end, though front-end yields also rose.

SPY (SPDR S&P 500 ETF) · Why linked: Rising Treasury yields typically pressure equities through higher discount rates and tighter financial conditions. Market context: Higher long-end yields raise discount rates and can weigh on equity multiples, particularly for growth stocks.

How TLT, SPY usually react

This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.

AssetEventsAvg max moveClosed lower
TLT14+0.66%71%
SPY16+0.70%69%

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How the reaction data is measured · Editorial policy