US Investment-Grade Bond Funds Snap Record 18 Weeks of Outflows
- Investors added $1.22 billion of cash in week ended Aug. 3
- Borrowers are seizing opportunity to sell debt amid rally
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US corporate investment-grade bond funds saw cash inflows for the first time since March following gains in the debt that’s helped trigger an issuance spree.
Investors added $1.22 billion for the period ended Aug. 3, according to Refinitiv Lipper data, ending a record streak of 18 weeks of withdrawals amounting to $74 billion. US high-yield bonds are also back in demand, with mutual funds and exchange-traded funds seeing inflows of $2.93 billion over the same period, the second straight week of inflows, as fears over an imminent recession abate.