1024 GMT - Higher yields on short-dated bonds could make cash-like products more attractive, resulting in credit outflows, a Bank of America credit investor survey for September shows. High oil prices have caused investors to expect rapid interest-rate rises by major central banks, pushing up short-term bond yields. U.K. two-year gilt yields hit 4.979% last week, the highest level since October 2023, LSEG data show.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.