The US Bond Market (Bloomberg Agg) was down 2.6% in September.
In the past 30 years, only 5 months had a worse return:
1) September 2022: -4.3%
2) April 2022: -3.8%
3) July 2003: -3.4%
4) August 2022: -2.8%
5) March 2022: -2.8%
For the stock market, losing 2.6% in a month is a nonevent. But for the bond market, this is akin to a crash.
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