BNY: Global investors still favor US equities over Treasuries
BNY's Geoff Yu says foreign investors are keeping high allocations to U.S. stocks while cutting Treasury exposure.
Cross-border investors have not staged a broad exit from U.S. assets despite some loss of U.S. exceptionalism, according to BNY's Geoff Yu.
U.S. equity allocations remain elevated, supported by technology and AI themes. At the same time, investors are trimming Treasury holdings as curve steepening increases duration pressure.
The pattern suggests a rotation within U.S. exposure rather than a pullback from the country's markets overall.
Source: FXStreet Forex News