Fox Business: Bond Market Crash Foreshadows New Lows for US Stock Market, BofA Warns

Article by Megan Henney in Fox Business website

The bond market is on track for its worst year since 1949 and will continue to batter stocks over the coming months, according to an analyst note from Bank of America obtained by FOX Business. 

Bonds have tumbled as the Federal Reserve ratchets up interest rates as it tries to crush stubbornly high inflation, with two-year U.S. Treasuries posting their longest losing streak since at least 1976. 

The ongoing crash in the bond market, however, could lead to a credit event that would essentially drag down the U.S. dollar, U.S. technology stocks and .......

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