US bond funds record outflows for 17th week in a row
时间:2024-06-26 07:10:55 阅读(143)
U.S. investors remained net sellers of bond funds in the week to May 4 as the economy’s rising inflationary challenges fanned caution ahead of the Federal Reserve’s policy meeting this week.
According to Refinitiv Lipper data, U.S. investors offloaded $5.52 billion worth of bond funds in a 17th straight week of net selling.The U.S. benchmark 10-year Treasury yield hit nearly a 3-1/2-year high of 3% this week after reports last week showed rising U.S. consumer spending in March and surging labour costs in the first quarter.
U.S. short/intermediate investment-grade funds witnessed net selling of $5.46 billion in a 17th straight week of outflows. Loan participation funds, however, obtained inflows of $0.83 billion, the largest amount in three weeks.
Meanwhile, U.S. equity funds’ weekly outflows eased to a four-week low of $3.76 billion.U.S. value funds posted their first weekly inflow in seven weeks, worth $854 million, while growth funds saw net selling of $3.93 billion, although that was the lowest outflow in four weeks.
Among sector funds, tech and financials lost $724 million and $593 million, respectively, in net selling, while utilities saw net buying of $542 million.U.S. money markets drew net purchases of $2.63 billion, although there was a 94% drop in inflows compared with the previous week.
上一篇:Enough sugar stocks to meet festive demand- Food Secretary
下一篇:Will Nifty touch fresh record high- Five things to watch out for before share market opening bell
猜你喜欢
- Oil on track for sharpest weekly decline since March
- Explainer- Sebi’s plan to cut IPO listing to 3 days
- Ex-model shot dead in Gurugram hotel, months after bail in gangster’s fake encounter case
- Income Tax Returns for FY 2022-23 deadline ends today! Here’s your guide on how to file belated ITR
- In Images and Videos - Extravagant assets owned by Saif Ali Khan and Kareena Kapoor Khan, boasting a colossal net worth of Rs 1685 crore
- NSE F&O Ban- India Cements, Hindustan Copper, Delta Corp, other stocks under ban on September 8, Friday
- Nyaya Sanhita and Swaraj in legal ideas
- India weather update- IMD predicts hailstorm in THESE states; Punjab, Haryana to see dense fog – Check full forecast here
- IMD Weather Update- Dense fog, cold wave to continue in northern states, rain showers in southern parts; Snow in Hilly regions – Check full forecast