Sell U.S. Treasuries Before They ’Crash,’ Bank of America Says
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Investors should sell U.S Treasuries and buy bank stocks because bonds may be headed for a “crash,” according to Bank of America Corp.
“It’s hard to believe that the greatest bond bull market in history will end without some bloodshed,” Michael Hartnett, the bank’s chief investment strategist, wrote in a client note yesterday. “Risks of a bond crash are high.”