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

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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".

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