Bond-Market Selloff Deepens as Money Managers Pile Into Cash

  • BofA investor poll shows net 54% say stocks, bonds overvalued
  • Ten-year Treasury yield reachest highest in three months

What's Behind the Recent Selloff in the Bond Market?

Treasuries fell, driving 10-year yields to the highest in three months, as a Bank of America Corp. survey showed investors ramping up cash holdings to near the highest in 15 years.

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