markets are trading like the party is over as the federal reserve prepares to take away the punch bowl safe and risky markets alike are down badly this year marking the biggest quarterly losses for both since 2009 the sp 500 is down 12 year to date and treasury markets have sold off as well a sharp jump in yields monday brought the benchmark to its highest point since 2019 the ishares 20 year treasury bond etf ticker tlt had posted a 11 yeartodate loss as of the close of trading monday