Bank of America: If the US long-term bond repurchase program fails, risk assets will be under pressure

Comparing news, Bank of America strategist Hartnett said that if the US Treasury's plan to control long-term treasury yields fails, the US dollar will be under pressure and may trigger short bets on risky assets before the November midterm elections.

If Treasury Secretary Bezent is unable to lower the 30-year yield below 5%, the dollar is expected to fall, and risky assets such as financial stocks and AI hyperscale companies face the risk of shorting.