Investors Pour Into Cash and Set to Stay, BofA’s Hartnett Says
Investors just poured money into cash funds at the fastest pace since the pandemic, and are unlikely to shift it anytime soon, according to Bank of America Corp.’s Michael Hartnett.
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Investors just poured money into cash funds at the fastest pace since the pandemic, and are unlikely to shift it anytime soon, according to Bank of America Corp.’s Michael Hartnett.
Mark Cabana, co-head of global rates strategy at BofA Securities, says markets and economies around the world are starting to see the bite of higher rates and that the Federal Reserve needs to keep hikes on the table. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
BofA Securities Inc said a large share of Turkish fund outflows stemming from a rout in September moved into bank deposits.
Mark Cabana, Co-Head of Global Rates Research at BofA Global Research, says the front end of the global yield curve could reprice higher as central banks move to reduce accommodation. He spoke on the sidelines of the BofA APAC Conference in Hong Kong. (Source: Bloomberg)
Outflows from US stocks are setting the stage for higher volatility as markets and policy makers remain complacent about rising Treasury yields, according to Bank of America Corp. strategists.