Investor flows into corporate bonds on longest streak since 2019, says BofA

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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #nsLONDON - Global investors poured $3.6 billion into investment grade corporate bond funds in the week to Wednesday, Bank of America said on Friday, in the 31st straight week of inflows, the longest streak since 2019.

"Investors are still buying into that additional bit of premium that they can get ," said Michael Weidner, co-head of global fixed income at Lazard Asset Management. Despite the strong inflows, bonds have suffered as inflation has remained above central bank targets and interest rates look set to stay higher for longer. Yields move inversely to prices.

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