Home Forex Coronavirus vaccine needed to lift bond yields – BoFA survey

Coronavirus vaccine needed to lift bond yields – BoFA survey

by kyngsam


The newest Fund Supervisor Survey (FMS) from Financial institution of America (BofA) securities performed between Aug. 7 to Aug. 13 reveals most managers imagine {that a} new bull market has begun, following a historic rally from the March lows.

In the meantime, many traders imagine {that a} coronavirus vaccine would propel authorities bond yields larger. 

Key factors (supply: streetinsider.com)

58% of traders say the brand new bull market has began (in comparison with 25% in Could).

41% say credible COVID-19 vaccine will almost certainly result in larger bond yields, adopted by inflation (37%). 

Traders count on vaccine announcement within the first quarter of 2021. 

61% of respondents predict U- or W-shaped restoration vs. 20% say V-shaped; 51% nonetheless choose steadiness sheet self-discipline vs. 37% need elevated Capex (was 13% in Apr).



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