Bank of America estimates that global bond losses this year will be the worst since 1949.

(Reuters)

[Financial Channel/Comprehensive Report] Bank of America Global Research said on Friday (23rd) that this year may be the worst year for global government bonds since 1949, and investor sentiment has fallen to the lowest level since the 2008 financial crisis. .

According to comprehensive media reports, Bank of America quoted EPFR data as saying that as of Wednesday (21st), bond funds had outflowed US$6.9 billion (about NT$215.8 billion), and stock funds had outflowed US$7.8 billion (about NT$243.9 billion). , while gold outflowed US$400 million (about NT$12.5 billion), and investors’ cash holdings increased by US$30.3 billion (about NT$947.7 billion).

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U.S. Treasury yields, which are inversely proportional to bond prices, rose again after hitting their highest level since 2011 on Thursday (22nd).

The Bank of America's bull and bear indicator returned to its most bearish levels, with investor confidence falling to its worst level since the 2008 global financial crisis.

Bank of America said that if investors start liquidating their trades, including long dollars and long U.S. technology stocks, then this will be the moment for bonds to collapse, and investors will face more risks from inflation, interest rates and recession. Bond data in recent weeks show that credit spreads are at high levels, while stocks have not yet bottomed.

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