Bank of America predicts a recession in the U.S. in next year

According to the forecast of Bank of America, next year in the United States will be a recession. Trejeris in this regard will increase in value, Bloomberg reports the words of the bank's strategist Michael Hartnett.

The strategist believes that U.S. government bonds, despite the recent collapse, will be one of the most profitable types of assets in the first half of 2024. Both recession and tighter financial conditions - both of which would prompt the Federal Reserve to ease monetary policy - could contribute to the rise in their value.

Risk assets will fall amid the risks of recession, to which the U.S. economy has been brought closer by an aggressive cycle of interest rate hikes, Hartnett said.

Meanwhile, this week the yield on U.S. government bonds for the first time in history exceeded the yields of bonds of developing countries, reports profinance.ru with reference to Bloomberg. This was facilitated by an active sale of trejeris, which began in May.