10-Year Treasury Yield at 5.9%: Turning Point for Investors Toward Bonds?

Yield on 10-year Treasury notes at 5.9%: turning point for investors toward bonds? An October survey of fund managers by Bank of America (BofA) shows investors have allocated their largest overweight to technology stocks since August 2020, while making their biggest cuts to bank stock positions. The survey identifies erratic rises in bond yields as the markets' biggest tail risk.

The Bank of America (BofA) October survey of fund managers shows that investors are the most overweight to technology stocks since August 2020, the allocation of major American banks on the eve of the release of financial reports; Interest rates and lending prospects under the microscope The third quarter financial reports of major American banks are published this week, in a situation where the increase in the yield of treasury bonds, the possibility of the Kremlin calling Europe's criticism of Trump's agreement on Russian diesel as hypocritical. Concerns about Chinese competitors and doubts about the artificial intelligence boom of the global memory chip market were met with a new wave of selling in trading on Tuesday; Zelenskiy: Ukraine has not targeted Russia's energy targets in the past two days. The president of Ukraine announced that the country has not targeted Russia's energy targets in the past two days. Zelensky Also, Has a tech stock correction begun? What is the different message of Dow Jones and Nasdaq to investors? The American stock market ended its work on Monday, October 12, 2026.

Bank of America's (BofA) October survey of fund managers shows investors have been most overweight technology stocks since August 2020. At the same time, they have made the biggest reductions in long positions in banking stocks.

In this survey, the irregular increase in bond yield is the biggest sequential risk of the markets, followed by the possibility of an artificial intelligence bubble. Investors have also said they would shift their asset allocation from stocks to bonds if the 10-year Treasury yield hits 5.9 percent.

The outlook for global growth has also become negative from the perspective of investors; A net 4% expect the economy to weaken over the next 12 months. Although investors' optimism about the macro economy and markets fell to their lowest level since June, they still have a positive view of both. Pessimism about bond yields has also reached its lowest level since May 2025, and a net 1% expect long-term rates to be high.