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Bank of America sees the next extreme market move in Treasuries: 'Pain trade is bond crash'

People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City.
Spencer Platt | Getty Images

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While the rally in stocks continues to intensify on optimism about a swift economic recovery, bond investors are at increasing risk of a summer of pain, according to widely followed Bank of America strategist Michael Hartnett.

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