Only a third of sovereign debt yields more than 1%, which means US Treasurys are highly attractive in the current environment, that’s the key takeaway from a report from Bank of America Merrill Lynch on the current state and outlook for the US economy.
The note, a copy of which has been reviewed by ValueWalk focuses on the US’ improving economic outlook and rate hike timetable for the Federal Reserve.
The Fed stands in contrast to other central banks as it is gearing up for another rate hike by the end of the year. However, the combination of an increasingly dovish stance from other central banks around the world and risk that the market will interpret the hike as a “policy...
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