For sure bonds have had their worst performance on record with interest rates on the rise and there's very little to state that their will be a major easing cycle that could help bond bros recover, but people still believe in it, and pension funds are still mandated to go get rekt on behalf of people who don't know how to invest or have not realised its a rigged game

There's just so much capital and so much inertia, while I personally wouldn't touch bonds I wouldn't say i'm smart enough to bet against them.