BofA Survey: Fund Managers Need 5.9% Yields to Rotate from Stocks to Bonds
A Bank of America survey indicates that fund managers will not shift capital from equities to bonds until Treasury yields reach 5.9%. This threshold is higher than the current 10-year yield, which recently peaked near 5.3%, the highest level since 2002. While some analysts argue that 5% yields offer a compelling alternative to stocks, others note that fund managers remain anchored to the low-yield era of the 2010s and require a significant premium to abandon equity exposure.