Forecasters on Wall Street are gearing up for a poor year for Treasuries, amid expectations of rising interest rates and a strengthening U.S. economy.
The outlook for higher rates comes as the Federal Reserve moves to raise interest rates in 2015. A group of economists surveyed this month expect 10-year yields to reach 3.01 percent, according to Bloomberg.
Bond sentiment hasn't been this bearish since 2009, when U.S. debt securities faced some of their deepest losses.
Yields on the two-year note are expected to more than double to 1.53 percent and those on the 30-year bond to rise to 3.70 percent.
The expected rise in yields is partly due to more confidence about the economic recovery, with strong a GDP figure and a declining unemployment rate.