US bond funds rack up biggest weekly inflow in three months

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Key Points

Nov 10 (Reuters) - U.S. investors poured a massive sum into bond funds in the seven days leading to Nov. 8 on hopes of a turnaround in Treasury bond prices following the Federal Reserve's decision to keep interest rates unchanged...

A report from the U.S. Labor Department indicating a slowdown in job growth in October, also lifted bond prices last week..

According to LSEG data, U.S. bond funds amassed a net $3.61 billion worth of inflows during the week, the biggest amount since July 5.cs..

U.S. high yield bond funds saw a significant boost in demand as they received a net $6.29 billion, the biggest weekly inflow since mid-April 2020...

Investors also poured about $867 million and $687 million, respectively into general domestic taxable fixed income, and loan participation funds, while pulling a net 1.92 billion out of U.S. short/intermediate government & treasury funds...

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