Treasuries see first weekly outflow since Feb as investors buy stocks
U.S. Treasury funds recorded their first outflow since February in the week to Wednesday, as global investors shed $1 billion in the government bonds and piled into stocks, according to Bank of America and data provider EPFR on Friday. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. The influx to stocks and flows out of U.S. Treasuries follows data on Tuesday that showed U.S. inflation slowing, boosting market hopes that the Federal Reserve is finished ...
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