Investors worldwide kept stocks close to record highs Tuesday, as they bet the U.S. Federal Reserve will resist a significant policy shift in the face of transitory inflation. A majority of investors surveyed by BofA said inflation was transitory, a marked change from March, when worries about more sustained price rises had sent U.S. 10-year Treasury yields surging to nearly 1.8%. With the yield now pinned below 1.5%, BofA expects the Fed to signal a dial back in stimulus by September.
