US bonds in historic rout, suffering worst bear market in over 200 years according to Bank of America

US bonds are suffering their worst-ever rout, according to Bank of America data.

It's the greatest bond bear market of all time, strategists said in a Friday research note.

Yields have spiked toward 5% recently as investors fret about the Fed's inflation fight.

30-year Treasury bond prices have plunged over 50% from peak, with yields hitting 5% for the first time since 2007.

Unclear how accurate bank's historical data is, but they say this is the deepest bond bear market in 247 years.