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June’s Most Crowded Trade Reflects Investors’ Risk-Off Mindset

Anuradha Garg
June’s Most Crowded Trade Reflects Investors’ Risk-Off Mindset

According to the latest Bank of America Merrill Lynch survey, government bonds are the most crowded trade. It is the first time in the history of BAML that the preference for Treasuries has topped the list. The US government bonds were cited by 27% of the fund managers, topping long tech trade, which came at the second position.