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- US bonds are suffering their worst-ever rout, according to data from Bank of America.
- "It's the greatest bond bear market of all time," strategists said in a Friday research note.
- Yields have spiked toward 5% recently, with investors fretting about the Fed's war on inflation.
The ongoing Treasury rout ranks as the deepest bond bear market in the 247-year history of the US, according to Bank of America.
In a research note published Friday, the bank put together a list of the biggest fixed-income sell-offs ever – and found the market's dismal stretch since its peak in July 2020 represented its worst-ever run.