BofA: Liquidity Continues to Flow Into Stocks And Bonds

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.