About 50% of bond ETFs are now posting negative 1yr returns. Nowhere near 2022 Fed hike days but the move up is pretty dramatic. And this is nominal return, obv real returns much worse. All that said, despite the abrupt shift in bonds, and uptick in volume, the ETFs' arb bands have been tight, no prem/disc issues, they handling extra stress fine. You prob won't read this in any of the media that once worried about bond ETFs, so we like to point it out. via @psarofagis