Global bond funds see big outflows in week

Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic growth, reports Reuters.
According to Refinitiv Lipper, global investors shed bond funds worth $14.5 billion in the reported week, compared with $1.15 billion worth of net disposals in the previous week.