The Tell: Central bank buying still ‘only flow that matters’ to stocks and bonds: B. of A. Merrill Lynch

Friday, April 21, 2017

The Tell: Central bank buying still ‘only flow that matters’ to stocks and bonds: B. of A. Merrill Lynch

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Despite the focus on the Fed’s plans to unwind its balance sheet and an eventual European Central Bank move toward the exits, global central banks have bought a record amount of assets this year, notes Bank of America Merrill Lynch.