BofA Survey: 10-Year Treasury Yield Must Near 6% to Pull Investors Out of Stocks

The survey implies a striking asymmetry in how fund managers weigh equity risk against fixed income: even a yield far above current levels is not seen as enough to trigger a rotation. That matters for crypto and RWA markets, which often compete for the same risk capital and tend to benefit when yield-hunting stays muted. The open question is whether this threshold holds if yields keep climbing, or whether positioning shifts before the survey's implied trigger is reached.