Posted 10/6/2023, 11:41:00 AM
Treasury Rout Signals Record Bond Bear Market, While Investors Keep Pouring Into Stocks
- Rout in fixed-income market causing "greatest bond bear market of all time" according to Bank of America
- Yield on 30-year Treasuries rose above 5% for first time since 2007
- Current loss in 30-year bonds from 2020 peak far outpaces any previous bear market
- Treasuries funds saw $4.6 billion inflows, 34th straight week of inflows
- Equity funds saw $3.3 billion inflows, taking 2022 net inflows to $110 billion
- BofA strategists still bearish on risk assets due to higher interest rates leading to hard landing
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