BofA’s Hartnett Sees Pressure on Risk Assets If Bond Plan Fails

Bank of America Corp. strategist Michael Hartnett warns that a failure in the US Treasury’s plan to control long-term bond yields could pressure the dollar. Such a scenario would likely spur short bets against riskier assets before the November midterm elections. Rising bond yields may destabilize markets, prompting investors to shift toward defensive assets. This situation would increase overall fiscal and political pressures, potentially destabilizing the broader financial landscape as risk asset pressure intensifies across global markets.