Golden Finance reported that Bank of America analysts said in a report that more funds will flow into euro investment-grade bonds in 2024 than will flow into government bonds and stocks. Bank of America said this trend was underpinned by increased demand for higher yields as government bond yields fell due to interest rate cuts. "With interest rates falling further in 2025, we believe flows into investment-grade bonds will continue to grow and outpace flows into other 'risk-free' assets."