Treasury Bonds in Historic Bear Market as Yields Soar and Prices Plunge

Treasury bond losses over the past 3 years are the worst bear market in the nearly 250-year history of the U.S. according to BofA.

Yields on long-duration Treasuries like 10-year and 30-year bonds have hit 16+ year highs recently.

The bond selloff has accelerated since the Fed signaled it expects to keep rates higher for longer than expected.

Some 30-year bonds have seen losses top 50% during this period.

BofA data shows Treasury prices look overstretched relative to 200-day moving averages, signaling the selloff may be overdone.