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BoA says the Federal Reserve and US government should "stop playing Superman"

BoA says the Federal Reserve and US government should
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... Read More
Posted: Oct 15 2023, 22:07
Author Name: forexlive
Views: 112275

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