BofA: US Treasury yields may need to hit 6% to derail stock rally

BofA October fund manager survey: 10-year yield near 6% would trigger stock-to-bond shift. 76% expect Fed hold. Tech overweight highest since Aug 2020, consumer discretionary underweight since July 2008. Top tail risks: disorderly yield surge and AI bubble. Investors trimming banks and US stocks, adding bonds, utilities, Japan, UK.