Bank of America Just Declared a ‘Generational Entry Point’ in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.

Long-dated U.S. Treasuries have officially reached their worst 10-year rolling performance in a century. That’s according to Bank of America Securities Chief Investment Strategist Michael Hartnett.

A 10-year rolling annualized return for Treasuries with maturities of 15 years or longer, which I track using ETFs such as the iShares 20+ Year Treasury Bond ETF (TLT) and PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ) have plunged to negative territory.