Bank of America Calls Long Treasuries a Generational Buy After 100-Year Worst 10-Year Run
Updated
Updated · Yahoo Finance · Sep 17
Bank of America Calls Long Treasuries a Generational Buy After 100-Year Worst 10-Year Run
1 articles · Updated · Yahoo Finance · Sep 17
Summary
Long-dated U.S. Treasuries have hit their worst 10-year rolling performance in a century, prompting Bank of America strategist Michael Hartnett to call the selloff a “generational entry point.”
Negative annualized returns on 15-year-plus Treasuries contrast sharply with 15% annualized gains for the S&P 500 and 11% for commodities over the same period, a divergence BofA says often sets up stronger future bond returns.
ETFs tracking the long end of the Treasury market, including TLT and ZROZ, reflect that deep drawdown, underscoring how rising yields have battered bond prices across the past decade.
For investors nearing retirement, the call strengthens the case for rebuilding fixed-income exposure after a four-year AI-led stock surge, with laddered Treasury ETFs offering one way to lock in today’s higher yields.