Bond Market Rout Just Wiped Out $1 Trillion From Investors

``Since September 26, bondholders lost nearly $1 trillion according to the Bloomberg Barclays Multiverse Index... The reason it's down is simple: The rate on the benchmark 10-year U.S. Treasury has risen from 2.8% to 3.2% since August 24.. But it's not just "safe" government bonds that are getting creamed. So are "junk" bonds. Take a look at this chart of the SPDR Bloomberg Barclays High Yield Bond ETF... It hit 52-week lows on October 10... and it's down 7% over the past 12 months... Bloomberg says the bond rout could spark an even worse sell-off than in 1976, the worst year for bond returns over the last four decades.''