LONDON: Despite a bond rally that dropped 10-year U.S. government bond yields below 1.3 percent, investors continued to pour money into fixed income funds, according to BofA’s latest fund flow statistics released on Friday. According to EPFR data, bond funds drew US$18.4 billion in the week ending Wednesday, the most inflow since February. US$10.5 billion moved into cash, US$6.8 billion went into stocks, and US$0.1 billion flowed out of gold.
The data was gathered a day before a big bond rally on Thursday, which saw the 10-year Treasury note hit a low of 1.25 percent, the lowest level since February, as investors worried about the economy’s recovery.
(Julien Ponthus contributed reporting; Thyagaraju Adinarayan edited the piece.)
Reuters is the source of this information./n
