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Topic

BofA

Dollar perched at 3-1/2 month highs on firmer US yields

Dollar perched at 3-1/2 month highs on firmer US yields

Published 08 Mar, 2021 06:27pm
  • After falling 4% in the last quarter of 2020, the dollar has strengthened by nearly 2.5% year-to-date as investors expect the broad rise in US bond yields to weigh on stretched equity valuations and boost demand for the US currency.
  • The dollar index stood at 92.30 against a basket of six major currencies, up 0.4%, its highest level since late-November.
Tech and financials boost $46.2bn flows into global equity funds: BofA

Tech and financials boost $46.2bn flows into global equity funds: BofA

Published 26 Feb, 2021 07:26pm
  • The data, collected by EPFR before a rise in US real-yields triggered a global stock market correction on Thursday, also showed bond funds attracted $7.1 billion in a 16th straight week of inflows and Treasury Inflation-Protected Securities (TIPS) added $1.3 billion.
  • Meanwhile investors pulled $5.5 billion out of cash and withdrew $500 million from gold funds.
BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

Published 23 Feb, 2021 07:01pm
  • The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. BofA also forecasts West Texas Intermediate (WTI) crude prices to average $57 a barrel this year.
  • Brent prices could temporarily spike to $70 a barrel in the second quarter of the year, the bank's analysts said in a note.
Wall Street cautious on 'frothy' stocks, warn bitcoin bubble

Wall Street cautious on 'frothy' stocks, warn bitcoin bubble

Published 08 Jan, 2021 06:22pm
  • BofA's latest weekly fund flow data on Friday reflected some of that sentiment with investors storming into money markets and gold funds while pulling some money out of emerging markets.
  • Still, US stocks stood out with $10 billion inflows.
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