Investors pile into stocks, dump US Treasuries
LONDON (Reuters) -Investors ploughed $20.1 billion into stocks in the week to Wednesday, a report from Bank of America citing data from EPFR said on Friday, rounding off a strong month for equities driven once again by rallying tech shares. U.S. Treasuries meanwhile saw their biggest weekly outflow in seven weeks at $3.6 billion, while Treasury inflation-protected securities got their biggest inflow since July 2023 of $300 million, BofA said. U.S. bond yields closed January slightly higher on the month as their prices fell, but have fallen sharply this week, in part due to a safety bid from ...