US Treasury Bonds Record Their Highest Weekly Income in Over a Year: BoFA

LONDON, Dec 3 (Reuters) – US Treasuries posted their highest earnings since October 2020, while high-yield, investment-grade debt funds reported strong outflows on concerns over high inflation and a tightening. of the Federal Reserve’s monetary policy, said the BofA.

Cash funds posted the largest weekly inflows at $ 27.1 billion, followed by stocks at $ 9 billion, according to BofA’s weekly flow report released Thursday, based on data from EPFR.

In a sign that investors are shedding some of their short bond and equity deals this year, which have paid good dividends, private clients of the US investment bank have cut their equity positions over the past three weeks, with outflows of the industrial and growth sectors.

The narrowing of the market was another concern. Just five of the top US tech stocks accounted for 71% of gains of nearly 20% in Wall Street stocks, BoFA analysts noted.

(Reporting by Saikat Chatterjee; edited in Spanish by Marion Giraldo)

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