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BofA Strategist Hartnett Warns Risk Assets and Dollar Face Pressure if US Treasury Fails to Lower 30-Year Yield Below 5%
According to Bank of America Corp. strategist Michael Hartnett, if Treasury Secretary Scott Bessent cannot bring the 30-year yield below 5%, he foresees a dollar slump and increased short bets against leveraged assets such as AI hyperscalers and private credit, as well as financials, in the coming weeks leading up to the November midterm elections.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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