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BofA: Liquidity Continues to Flow Into Stocks And Bonds

Adel 2 July, 2021 5:15 pm Market Update

The latest statistics from Bank of America fund flows showed that investors continued to pour more liquidity into bonds and stocks, as Wall Street hit a new record high and US government bond yields remained below 1.5%.

The US investment bank said, based on data from IBFR, that fixed income funds attracted $13.2 billion, while stocks attracted $9.6 billion in the week ending Wednesday, while $25 billion fled money market funds.

The weekly flow of bond funds is the 16th in a row, with $1.1 billion flowing into the US Treasury.

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