Bonds receive biggest weekly inflow since 2021 as high yields attract, BofA says

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Bonds receive biggest weekly inflow since 2021 as high yields attract, BofA says
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Investors poured $19 billion into bond funds in the week to Wednesday, the biggest inflow since February 2021, as they locked in high yields, Bank of America...

LONDON - Investors poured $19 billion into bond funds in the week to Wednesday, the biggest inflow since February 2021, as they locked in high yields , Bank of America said in a research note on Friday.

BofA analysts said in the research note that investors were "locking in 'peak yields'" ahead of expected rate cuts later this year.After some signs of progress on inflation and a slowing in growth, financial markets expect the U.S. Federal Reserve to cut borrowing costs by around 0.5 percentage points this year.

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