Bonds may outperform the S&P 500 in 2024 as long-term Treasurys offer ‘more bang for the buck,’ asset manager says

Wealthfront launches new automated bond portfolio that invests in bond ETFscagkansayin/Getty Images

  • Bonds may be a better asset class than the S&P 500 in 2024, Howard Capital Management’s CEO said.

  • Vance Howard told CNBC on Tuesday that long-term bonds remain heavily oversold.

  • “I just think you get more bang of the buck with the longer-term Treasurys right now.”

Long-term bonds may do better than the S&P 500 in 2024, Howard Capital Management CEO Vance Howard said on Tuesday.

In an interview on CNBC, he pointed to recent gains made by the iShares 20+ Year Treasury Bond ETF, which Howard starting buying a few weeks ago and has jumped 13% since the start of November.

“We’ve seen a really good rally in the bond market,” he added. “I think it’s been very productive and positive, and I think people really to look at the bonds going into 2024. It may a better asset class than the S&P, even…

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