10-year Treasury yield at 5.9% would spark shift from stocks to bonds: BofA survey
TLT•Investors said the 10-year Treasury yield would need to climb to nearly 6% before bonds would draw money away from stocks. BofA’s latest Global Fund Manager survey found investors were less optimistic than in June but remained bullish on the macro outlook and markets heading into the midterms and third-quarter earnings season.
1. Survey finds bond threshold
Investors surveyed said the 10-year Treasury yield would need to rise to nearly 6% before bonds became compelling enough to draw money away from stocks. BofA said investors were the least optimistic since its June poll, but remained bullish on the macro outlook and markets heading into the US midterm elections and third-quarter earnings season.
