INVESTORS TURN CAUTIOUS AS BOND YIELDS SURGE Investor enthusiasm for stocks is fading as rising bond yields and U.S. midterm uncertainty we…
INVESTORS TURN CAUTIOUS AS BOND YIELDS SURGE
Investor enthusiasm for stocks is fading as rising bond yields and U.S. midterm uncertainty weigh on sentiment, BofA’s fund manager survey shows.
Global equity overweight fell to 49% from 56%, while cash levels increased.
A disorderly bond selloff is now the top market tail risk, though investors remain bullish on corporate earnings and economic growth.