[Bank of America Strategists Recommend Shorting 2-Year U.S. Treasury Bonds, Pointing Out the Fed May Turn Hawkish] Bank of America's rate strategists recommend shorting 2-year U.S. Treasury bonds, citing that 'amid the fragile ceasefire situation in Iran, there are upside risks to oil prices and inflation.' Meanwhile, U.S. economic activity data remains resilient, and the Federal Reserve may turn hawkish. The strategists, led by Mark Cabana, suggest establishing a short position at 3.87%, with a target of 4.10% and a stop-loss at 3.70%. They wrote: 'The Federal Open Market Committee meeting in April leaned hawkish,' and the Fed's risk balance is shifting from labor market downside risks to inflation upside risks. (Sina Finance)