Global bond funds see outflows for tenth successive week
Monday, 21 March 2022
Global bond funds saw money outflows for the tenth consecutive week in the week to March 16, as higher US inflation levels evoked expectations that the Federal Reserve would need to act more aggressively to stem surging prices, according to Reuters.
Investors jettisoned global bond funds worth $17.01 billion, after selling $15.75 billion in the previous week, Refinitiv Lipper data showed.
The Fed announced a quarter of a percentage point increase to near-zero US interest rates on Wednesday, and signalled it would hike rates more aggressively than expected to tame inflation.