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Reuters reports High-yield, Investment-Grade Funds Post Third Week of Outflows.
U.S-based high-yield bond funds reported $1.2 billion in outflows, while U.S.-based investment-grade corporate bond funds posted their biggest cash withdrawals since June 2013, at $1.8 billion, data from Thomson Reuters' Lipper service showed on Thursday. The latest figures, for the week ended Aug. 12, mark the third straight week of outflows for the two fund categories, Lipper said. "The flows data indicated investors were running away from high yield in both mutual funds and ETFs," said Pat Keon, research analyst at Lipper.Correction:
This post originally contained a number of charts, all in error, most likely a data feed error by Bank of America or Fred (the federal reserve data repository).
For details please see Bond Spread Blowout Revisited; Fred Data Error.
Mike "Mish" Shedlock