High yields, dollar strength to prompt Fed hawkishness, weigh on stocks: BofA

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High yields, dollar strength to prompt Fed hawkishness, weigh on stocks: BofA
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High yields, dollar strength to prompt Fed hawkishness, weigh on stocks: BofA

Investing.com -- Investors are rotating into safer assets, with money market funds seeing inflows of $143.2 billion, the largest since April 2020, according to a Bank of America, note citing EPFR Global data.

Treasuries experienced their biggest inflow since August 2024, drawing $6.2 billion, while bank loans attracted a record $3.1 billion as investors speculated on Federal Reserve rate hikes in 2025. They expect to “flip BIG” in February or March, favoring long positions in bonds with 5% yields, international equities—particularly in China, the UK, and emerging markets—and gold.

 

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