Dow Steady, Yields Rise; BofA Sees Bond 'Entry Point' — SkimNews
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- Wall Street drifted lower as Treasury yields rose and oil prices swung, though the Dow itself held steady.
- Bank of America declared a 'generational entry point' in U.S. bonds, urging investors to back up the truck on Treasuries even as yields climbed.
Why it matters: Bank of America's recommendation to treat the bond market as a 'generational entry point' stands in direct contrast to the day's rising yields and falling Treasury prices, giving fixed-income investors a named major-bank anchor against which to measure their own positioning decisions during a session that otherwise drifted lower across equities.
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