Money flows into U.S. bond funds climb as yields retreat- Li

Money flows into U.S. bond funds climb as yields retreat- Li


Money flows into U.S. bond funds climb as yields retreat- Lipper
Reuters | Apr 10, 2021 12:38 AM EDT
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul (Photo : REUTERS/Lee Jae-Won)
U.S. money market funds saw strong demand for the second week in a row as concerns over higher U.S. bond yields and rising COVID-19 cases in Europe sent investors to safer avenues.
The prospect of losses for U.S. banks, following hedge fund Archegos Capital's default on margin calls, also had market participants concerned.
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U.S. money market funds received a net $50.35 billion in the week to March 31, after an over $60 billion inflow in the previous week, data from Refinitiv Lipper showed.

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