BofA's Hartnett Sees Pressure on Risk Assets If Bond Plan Fails
Bank of America strategist Michael Hartnett warns that if the US Treasury fails to control long-term bond yields, it could create significant market pressure ahead of the midterm elections. Such a failure would likely weaken the dollar and trigger increased short positions in riskier assets as investors seek safer ground.
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BofA’s Hartnett Sees Pressure on Risk Assets If Bond Plan Fails
Bank of America strategist Michael Hartnett warns that if the US Treasury fails to control long-term bond yields, it could create significant market pressure ahead of the midterm elections. Such a failure would likely weaken the dollar and trigger increased short positions in riskier assets as investors seek safer ground.
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