Analysis: Outlook favorable for US high-grade debt

A shift in market technicals next year will bring a cash-rich preference by investors who will willingly absorb fresh issues of US investment-grade bonds, according to analysts at Bank of America Merrill Lynch. The outlook may allay some fears of market volatility sparked by a repricing in US rates after last month’s rout of sovereign bonds and growing expectations that the Federal Reserve will raise rates next month.

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