LONDON (Reuters) – An extended place on bitcoin overtook “lengthy tech” because the commerce fund managers mentioned was probably the most crowded in January, Financial institution of America’s month-to-month fund supervisor survey confirmed on Tuesday.
For the primary time since October, a protracted place on expertise firms was knocked off the highest spot, as traders mentioned that lengthy bitcoin was probably the most crowded commerce. A brief place on the U.S. greenback was seen because the third most crowded.
A steeper yield curve was anticipated by a file 83% of traders – that’s greater than after the 2008 Lehman Brothers collapse, the 2013 U.S. Federal Reserve’s “Taper Tantrum” or after the 2016 U.S. election. The expectation of upper bond yields was at or near all-time highs.
The highest tail dangers to the economic system had been considered issues with the vaccine rollout (30%), the Fed easing its asset purchases (29%), and a Wall Avenue bubble (18%).
Reporting by Elizabeth Howcroft; modifying by Thyagaraju Adinarayan