7 Defining Moments of Market Volatility During the Pandemic

6. The Bond Market Jitters

In February 2021, the bond market saw significant turbulence as yields on 10-year Treasury notes surged. This led to a broad sell-off in the stock market, especially in tech stocks, which tend to be sensitive to rising interest rates. The bond market jitters served as a reminder of how interconnected financial markets are, and how shifts in one asset class can have ripple effects across others.