March 26, 2020 / 9:33 PM / 6 days ago

Outflows from U.S. bond funds set weekly record as money market funds swell -Lipper

March 26 (Reuters) - U.S.-based taxable bond funds saw a record $62 billion outflow in the last week, while money also fled stock and municipal bond funds as investors shaken by the impact of coronavirus on financial markets moved into cash, according to Lipper data.

The flight from bond funds in the week to Wednesday was the second straight record in the Lipper database dating back to 1992, exceeding last week’s history making $55.9 billion.

Bond markets have shed investors for four straight weeks, closely corresponding to the U.S. market ructions which began in February. (Reporting by Alden Bentley Editing by Chris Reese )

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