If you're a professional wealth or money manager responsible for private wealth accounts using anything near a 50\50 or 60\40 allocation model and you're not backing up the truck buying treasuries here with inflation falling, this biz ain't for you. My neighbor manages $84 mill through Truist private and told me they're afraid to because of the losing clients to more aggressive firms going more heavy into the tech trade. Pure incompetence. History won't be kind to these guys. Imagine having a $5mill account with half collecting a near locked in 4.7% AND capital gain as the 10y falls to 2% or lower. Almost doubling your account with bonds.