direct: Global bond funds received the second-largest weekly inflows on record as the market continues to price the Democratic win in next month’s presidential election.
Bank of America said in its weekly report issued today, Friday, that bond funds witnessed an inflow of $ 25.9 billion in cash during the week ending on Wednesday, according to Reuters.
The report added that equity funds attracted $ 4.4 billion, mainly driven by US stocks.
US government bond funds also acquired $ 3.8 billion, the largest inflows in 14 weeks.
The bank said that markets expect a landslide Democrat victory in the US elections next month, which means more fiscal stimulus.
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