我是 LongbridgeAI，我可以總結文章信息。美國銀行強調其 “非債券” 投資論點，因為投資者因收益率上升而轉向其他資產。長期政府債務遭受重大損失，30 年期國債指數較峯值下跌約 50%。相反，像房地產投資信託（REITs）和小型股等對利率敏感的資產表現優異，表明市場預期收益率將達到峯值。私人客户投資組合的股票配置創下 66.4% 的新高，而債券持有比例降至 17% 的低點，進一步鞏固了美國銀行對 2020 年代這一資產配置策略的信心
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 ...