Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf (US2Y:) (US2Y:) (US2Y:)
· seekingalpha.com
BofA’s “Anything But Bonds” thesis: high Treasury yields hurt long bonds as stocks/REITs lead.
Investors increasingly favored assets outside bonds as elevated Treasury yields continued to weigh on long-duration government debt, reinforcing Bank of America...