Bank of America: Investors May Be Regretting Buying European and UK Government Bonds as Soaring Energy Prices Lead to Yield Spikes
Investors who recently bought large amounts of European and UK government bonds may be regretting their decisions as bond prices have fallen sharply, according to a Bank of America survey. The survey showed that respondents increased their duration long positions since early August, but soaring energy prices have fueled inflation concerns, leading to a significant rise in bond yields.
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