---
title: "Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295952825.md"
description: "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."
datetime: "2026-08-14T15:20:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295952825.md)
  - [en](https://longbridge.com/en/news/295952825.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295952825.md)
---

# Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf

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 ...

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