BofA Oct Fund Manager Survey: Investors Least Optimistic Since June But Still Bullish On Macro And Markets

10-Year UST Yield At 5.9% Would Prompt Asset Allocation Shift To Bonds From Stocks - Pessimism On Bond Yields Lowest Since May 2025; Net 1% Expect High Long-Term Rates - Investors Turn Negative On Global Growth Outlook; Net 4% Expect Weaker Economy Over Next 12 Months - Biggest Tail Risk Is Disorderly Rise In Bond Yields, Followed By AI Bubble - Investors Most Overweight Tech Since August 2020 - Investors Make Biggest Cut To Bank Longs Since