Brett Arends’s ROI: The world’s safest investment just got more dangerous

U.S. Treasury bonds — backed by the full faith and credit of America — are considered the safest investment in the world.

No longer.

Friday’s sudden market tremor may herald the end of the bond bubble. Or it may just be the beginning of the end. But either way, this bond-market madness is going to end the way all such madness ends — with ordinary people losing money.

The 10-year Treasury TMUBMUSD10Y, +0.83% currently yields about 1.6% , meaning that someone who buys today and holds for 10 years will earn that interest rate, compounded, over the period. That is the 10-year’s lowest yield in history.

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