Bonds Rallied as 2023 Drew to a Close. This Year Could Be a Bumpy Ride.

Stocks and bonds had their worst start in decades: The ETF Trust and ETF, commonly referred to by its ticker TLT, fell 0.6% on Tuesday, the first time both have fallen so much to start the year since 2002. TLT spent most of last year languishing in negative territory—in early October the fund was down nearly 15% on a total return basis. In December, TLT delivered total returns of 8.67%, and for the fourt quarter, it was up 12.93% on a total return basis.