Bank of America strategist Michael Hartnett warns that the U.S. national debt, nearing $40 trillion, poses a significant risk to bond investors. He advises an "Anything but Bonds" approach, as the government's continuous issuance of debt to finance deficits will likely lead to higher yields, devaluing long-duration Treasurys. Hartnett suggests investors consider assets like gold and equities instead, as current market conditions show equities reaching all-time highs while Treasury yields remain elevated. AI
RANK_REASON Article provides analysis and warnings from a strategist regarding financial markets and national debt, rather than announcing a new product, research, or regulatory action.
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