Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf
I'm LongbridgeAI, I can summarize articles.Bank of America highlights its 'Anything But Bonds' thesis as investors shift away from Treasuries due to elevated yields. Long-dated government debt has suffered significant losses, with the 30-year Treasury index down roughly 50% from peaks. Conversely, rate-sensitive assets like REITs and small-cap stocks are outperforming, suggesting markets anticipate a yield peak. Private client portfolios show record stock allocations at 66.4%, while bond holdings hit a low of 17%, reinforcing BofA's conviction in this asset-allocation strategy for the 2020s.
Investors increasingly favored assets outside bonds as elevated Treasury yields continued to weigh on long-duration government debt, reinforcing Bank of America’s “Anything But Bonds” investment thesis. BofA said “Anything But Bonds” remained a core asset-allocation conviction for the 2020s, alongside its “Anywhere But China” and “Anything But the ...