(Finance) – The recent sell-off on global bond markets is causing the “largest bond bear market of all time“. He states it Bank of America Global Research in a note, reporting that the “peak-to-through loss” in the 30-year US Treasury has reached 50%
Notably, BofA reported that the current loss in 30-year bonds from the market peak in July 2020 to today far exceeds that of any previous bear market, making this what it calls “the greatest of all time” and a “humiliation trade” Right now buy bonds.
Regarding the inflows/outflows of money on various assets in the last week, inflows of $3.3 billion are reported on the actions (13.6 billion inflows on ETFs, 10.3 billion outflows from mutual funds), outflows of 2.5 billion dollars on bonds (negative in the last two weeks) and 1.1 billion dollars on precious metals (outflow for the last 19 weeks).
Analyzing the various segments of the bond market, it is reported that Govt/Tsy recorded inflows of $4.6 billion, marking the 34th consecutive week of inflows.
(Photo: Vitaliy Vodolazskyy / 123RF)