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1%  
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  • Bank Of America Just Laid Out Why Its Clients Are Wrong About The Bond Market

    01/12/2016 12:29:52 PM PST · by blam · 10 replies
    BI ^ | 1-12-2016 | Matt Turner
    Matt TurnerJanuary 12,2016Bank of America Merrill Lynch's high-yield team is bearish. So bearish, in fact, that it is getting into debates with its clients and colleagues over exactly how bad it is. "It is our fear that many of the signs we see in high yield ultimately foreshadows further economic and risk asset malaise in 2016 and 2017," the team led by Michael Contopoulos said Monday in a note. "However, as we sort through the financial press releases and discuss our views with investors and internally, we realize our disposition is perhaps on the unconventional side of where most currently...