According to Bank of America’s latest global fund manager survey, 37% of investors would consider shifting from stocks to bonds once the 10-year Treasury yield reaches 6%. The yield recently hit a 24-year high of 5.365%. This rise is driven by inflation concerns linked to soaring oil prices caused by the Middle East conflict, which could force the Federal Reserve to tighten monetary policy. September U.S. inflation data, expected Wednesday, should provide further clues on yield movements.
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