FINANCIAL TIMES: Bruised by the first widespread losses for bondholders, investors pulled $8.6bn from US bond funds in the last week, contributing to the worst four-week streak since the depths of the financial crisis.
The latest outflow takes the four-week total for withdrawals to $23.7bn, and marks the worst month of outflows since October 2008 when investors yanked a record $44bn from bonds, according to research group Lipper…
The market is also wary of a robust employment report at the end of next week, which will probably determine whether the Federal Reserve seeks to reduce some of its bond buying under quantitative easing later this summer… (more)
