At what level of U.S. Treasury yields would investors abandon stocks for bonds? BofA survey: 5.9%!

A recent survey shows that it will take some time after the rapid rise in U.S. Treasury yields before investors turn bullish on U.S. Treasuries. According to Bank of America's latest monthly fund manager survey, the median response among those surveyed indicated that the 10-year U.S. Treasury yield would need to reach 5.9% to prompt a shift in asset allocation from stocks to bonds.