US Treasuries see biggest influx in two years as recession risks mount

© . FILE PHOTO: Signage on display at the US Treasury Department headquarters in Washington, DC, US, Aug. 29, 2020. REUTERS/Andrew Kelly/File Photo LONDON () – Investors pumped money into US treasuries at the fastest rate in nearly two years year in the week to Wednesday, yanking money from cash, inflation-linked debt and credit as recession risk mounted, BofA’s weekly flow report on Friday showed. According to BofA, which analyzes EPFR data, global equities saw small inflows of $2.2 billion, while investors took in a massive $79.4 billion from cash and $11.8 billion from bonds. “Over the next 6 months, the stock price shock will turn into a recession shock,” BofA analysts led by Michael Hartnett said in a client note. One of the notable weekly highlights was the largest inflow since March 2020 at $7.4 billion, while the combined investment grade, high yield and emerging markets outflows were the largest since April 2020. Tech funds saw the largest influx in five weeks at $ 0.7 billion, while emerging market equities saw inflows of $3.3 billion in an eighth straight week of inflows, the US investment bank said. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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