Investors build up cash piles, bond market crash fears grow - BAML poll
Global investors have raised cash holdings back to post-Brexit highs and cut bond allocations to 10-month lows, nervous that bond prices are at risk of a destabilising selloff, a Bank of America Merrill Lynch survey showed on Tuesday.
The monthly survey of 213 fund managers with some $563 billion (£460.11 billion) under management showed cash levels jumping to 5.8 percent from last month's 5.5 percent, back at the highs hit in July following Britain's shock vote to leave the European Union.
The shift into cash came at the expense of traditional safe haven bonds, with bond holdings cut to a... read more
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