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In its latest monthly survey, Bank of America Merrill Lynch said investors had bought bonds to provide security as quickly as possible since the 2008 global financial crisis, as trade tensions between China and the United States tightened raises the prospect of a recession, CNBC reported. .
Investors said the US government's bonds were "the most traded" for the third consecutive month, as they considered the trade war between the two countries was the biggest threat to the markets.
The rising demand for bonds drove returns to a multi-year low in other developed countries as yields on German bonds, the safe haven of traditional Europe, hit record lows.
A third of Bank of America investors are predicting a global recession in the next 12 months, its highest level since 2011.
Goldman Sachs said last week that he no longer expected a trade agreement between Washington and Beijing before the US presidential election of 2020 and that the prospect of a recession resulting from the long commercial war was going to develop.
The conflict between the two largest economies in the world has led central banks to adopt positions that tend to be monetary easing, with the Federal Reserve having to cut interest rates consecutively.
As for equities, the United States is considered the most favored region by investors over the next 12 months, while continuing to flee Europe.
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