Sell T-Bonds and Buy Gold, Bitcoin Worked in 2020; What Now? The trade that worked when the US Treasury yield bottomed near 0.5% in 2020 -- sell bonds and buy commodities, gold and Bitcoin -- may now be reversing. The 10-year yield's roughly 10x surge to 5%, accompanied by Federal Reserve rate hikes, could boost the appeal of bonds relative to assets that benefited from ultra-low rates. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tli3takgifpp {BI COMD} #commodities #gold #bonds @BBGIntelligence