Treasuries Post Biggest Annual Loss Ever as Inflation Takes Toll
The US Treasury market notched a record annual loss in 2022, fueled by inflation pressures that prompted the Federal Reserve to hike its overnight benchmark by more than four percentage points.
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### Instruction: Treasuries Post Biggest Annual Loss Ever as Inflation Takes Toll

### Response: The US Treasury market notched a record annual loss in 2022, fueled by inflation pressures that prompted the Federal Reserve to hike its overnight benchmark by more than four percentage points.