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BoA says the Federal Reserve and US government should "stop playing Superman"
Bank of America analysts say that US Treasury yields dropping back from the recent 16-year highs are encouraging:BofA Rates Strategy holds the baseline view that fair value for the 10 year UST yield is in the 4.03.10-425% range and we will get there by year-end 2023 but their outlook for US equities:“Bond yields may go lower in ’24 but no secular bull market until Fed/govts stop playing Superman, put on their ‘seatbelts’ & express the need for lower deficits” and also noted that cash and T-bills...
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Posted: Oct 15 2023, 22:07
Author Name: forexlive
Views: 112275