Key Points
LONDON, Nov 3 (Reuters) - Investors are on track to have put $1.3 trillion into cash funds in 2023, according to Bank of America and data provider EPFR...
BoFA's weekly Flow Shows report said that investors put $64.2 billion into cash funds in the week to Wednesday..
Central banks have raised short-term rates to their highest levels in more than a decade to tame inflation, making yields on money market funds attractive...
BofA's data stretches to Wednesday, meaning it fails to fully capture the powerful market rally that started that day and continued on Thursday after the Federal Reserve and Bank of England held interest rates steady for the second meeting in a row, boosting stocks and bonds...
The bank said investors had put money into bonds for four straight weeks..
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