Savita Subramanian, BofA’s head of equity and quantitative strategy, sees a bullish signal in the bond move.
The latest jump in Treasury yields is not"death to equities," BofA Securities' Savita Subramanian told CNBC's"In fact, Subramanian sees the bond move as a positive signal — rather than an ominous sign for the economy.
"Companies are refocusing on efficiency and productivity rather than juicing up earnings through leverage buybacks and cheap financing costs," the firm's head of equity and quantitative strategy said."Companies are finally focused on efficiency and they have new tools. They have AI [artificial intelligence]. They have automation.
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