Majority of fund mangers expect Treasury yield curve to steepen - BoAML survey
A majority of fund managers expect the Treasury curve, as represented by the 10-year yield, to steepen, although the number of respondents saying this declined by 11 percentage points to 66% in January, Bank of America Merrill Lynch’s (BoAML) January survey of global fund managers shows.
A steepening of the yield curve could bode well for the USD/JPY pair, which is currently trading at 109.90.
Key points (source: citywire.co.uk)
- A net 36% of professional investors now expect global growth to improve over the next 12 months.
- Fund managers have ‘completely priced out’ recession risks.
- Fund managers boosted their equity allocations to a net 32% overweight – the highest in 17 months.