“The herd is scrambling for the exit this month as bond yields - TopicsExpress



          

“The herd is scrambling for the exit this month as bond yields back up across the board and central bankers hint that they might provide less monetary stimulus in the future,” TrimTabs CEO David Santschi said in a research note on Sunday. “We estimate that bond mutual funds have lost $70.8 billion in June through Thursday, June 27, while bond exchange-traded funds have lost $9.0 billion.” The rush out of bonds could be about to get even worse, according to the research firm, which says that more bond investors could take flight after receiving their quarterly statements in the coming weeks, noticing that their “safe” bond funds are delivering losses instead of gains. trunews/unprecedented-80-billion-pulled-from-bond-funds/
Posted on: Tue, 02 Jul 2013 11:56:51 +0000

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