BofA: Investors sell stocks, buy bonds; shun emerging markets

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Market News

LONDON, Oct 13 - Investors sold stocks and bought bonds in the week to Wednesday, Bank of America Global Research said in a note on Friday, while investors continued to shun emerging market assets.

Inflows into Treasuries totalled $7.2 billion, the largest weekly inflow since March 2023, BofA said. BofA investment strategist Michael Hartnett said a 5% yield in the U.S. 10-year and 4,200 in the S&P 500 are"critical levels".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BofA: Investors sell stocks, buy bonds in latest week; shun emerging marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Analysis-Fed pivot hopes whipsaw Treasury market as investors hunt for rate peakShifting views on the Federal Reserve's monetary policy trajectory are roiling the U.S. Treasury market, as investors gauge how close the central bank is to ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Fed pivot hopes whipsaw Treasury market as investors hunt for rate peakExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Stock market today: Asian markets slip as rising yields in the bond market pressure stocksHONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. U.S. futures ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock futures step higher as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock open flat as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »