LONDON, May 31 (Reuters) – Global investors poured $3.6 billion into investment grade corporate bond funds in the week to Wednesday, Bank of America said on Friday, in the 31st straight week of inflows, the longest streak since 2019.
A rise in global interest rates has forced up corporate bond yields, drawing in buyers attracted by the payouts as well as the hope that prices will rally once interest rates start to fall.
Investors put $5.1 billion into bond funds in general in the week to Wednesday, BofA said, citing figures from data provider EPFR, in the 23rd straight week of inflows.
Source: REUTER
