(Reuters) – U.S. bond funds saw massive outflows in the week to September as investors looked to the Federal Reserve for further rate hikes 08 Control stubborn inflation. Investors pulled a net $9.08 from U.S. bond funds in biggest weekly net sell-off since June 18, Refinitiv Lipper data show.
Benchmark U.S. Treasury annual yield inversely proportional to price, briefly on Wednesday Jumped to 4.% since October 2008. Outflows from US short/middle investment grade and high yield bond funds surged from $3 to $6.0 billion and $3.2 billion, respectively. 59 Billion dollars and $1. 59 Billion dollars.
GOVERNMENT However, bond funds received $6.92 billion, the largest weekly inflow since May .
Meanwhile, U.S. equity funds, after weekly net purchases worth $3 , witnessed 4.92 billion dollars in disposals. 99 Billion. Both growth and value fell out of favor, with net outflows of $4.18 billion and $2.92 One hundred million U.S. dollars.
Among sector-specific funds, Industrials, Healthcare and Financials suffered a net sell-off of $740 million, $ 632 million and $529 million.
Meanwhile, safer money market funds bought a net $3.22 billion for the second week in a row.
