Monday, June 3, 2013

Bank of America: Sell US Treasurys Before They 'Crash'

Investors should sell U.S Treasurys and buy bank stocks

[Buy a boat, "drop out" of the American dream and sail the world. - c]

because bonds may be headed for a "crash," according to Bank of America Corp.

"It's hard to believe that the greatest bond bull market in history will end without some bloodshed," Michael Hartnett, the bank's chief investment strategist, recently wrote in a client note.

"Risks of a bond crash are high."