Closely-Watched Fund Manager Survey Is All Bonds, Tariffs And Recession Risk In August

Investors are bullish on rates, in case you somehow didn't get the memo on that. If there's one takeaway from the August edition of BofA's closely-watched global fund manager survey, that's it. In fact, the title is: "My herd is my bond". "[A] net 43% of FMS investors expect lower short-term rates and only 9% expect higher long-term rates over the next 12-months", the bank's Michael Hartnett said Tuesday, of the latest poll results. "Taken together this is the most bullish FMS view on bonds si