BofA Securities: Current US Treasury Bond Slump is Worst in History

BofA Securities says this is the greatest US Treasury bond bear market ever, with a 24.7% peak-to-trough loss.

The previous record was an 18.7% loss from 1860-1861.

The 30-year Treasury yield has fallen 50% from peak to trough in this bear market.

BofA recommends buying bonds in 2024 as the "buy humiliation" trade.

The 2020s have been a tough decade for stocks so far, with negative returns for broad indices.