Stock Groups

U.S. Treasuries saw largest weekly inflows in more than a year

[ad_1]

© Reuters. FILE PHOTO – A photo illustration of U.S. 100 dollar bank notes taken in Tokyo on August 2, 2011. REUTERS/Yuriko Nakao/File Photograph

LONDON (Reuters] – U.S. Treasuries recorded their highest inflows in October 2020, while high yield bonds and investment grade funds experienced large outflows due to worries about rising inflation and a hawkish Federal Reserve. This was according to the BofA weekly report.

According to BofA’s Weekly Flows Note based on EPFR Data, cash funds saw the largest weekly inflows of $27.1 billion followed by equity at $9 billion.

The U.S. Investment Bank’s private clientele have reduced their equity positions over the last three weeks, indicating that they are reducing their long-term short bonds and equity trades that paid large dividends.

Another concern was the narrowing of market breadth. BoFA analysts found that 71% of gains of nearly 20% in U.S stocks were attributable to just five of the largest U.S. tech stocks.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]