0958 GMT - Fund managers have the most underweight positions in bonds in more than four years, Bank of America's global fund manager survey for September shows. The survey shows investors are a net 48% underweight on bonds, the biggest underweight position since May 2022, BofA says in a press release accompanying the survey. Fund managers have been net underweight bonds for the past 17 months, BofA says. The findings come as bond yields globally have recently hit multiyear highs.
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