Bank of America Warns of Economic Trouble Amid Rising Treasury Yields

In a recent report, Bank of America’s Chief Investment Strategist, Michael Hartnett, forecasts significant economic challenges stemming from rising Treasury yields. He warns that these yields, especially exceeding 5%, could lead to disruptive changes in the U.S. stock market. The potential impact of high interest rates on the dollar and financial markets is a major concern for Hartnett.