BofA’s DeMare Warns on ‘Dangerous’ Effects of Yields at 5%
- Yields at 5% are forcing people to wait on decisions: DeMare
- IMF’s Georgieva says rates have risen too high, too quickly
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Bank of America Corp.’s Jim DeMare warned of the knock-on effects of short-term Treasury yields at 5% and said higher interest rates are having a “dramatic change” on the biggest global industry trends.
“The returns to take risk, to draw you in to take risk, are increasing,” the Wall Street bank’s head of global markets said on a panel at the Future Investment Initiative summit in Riyadh on Wednesday. “That’s dangerous because that’s going to prevent capital from flowing to innovative industries, innovative companies.”