The old record was set in 2008 with $42 billion extracted from bond funds and bond ETFs during the panic of October. Outflows in June 2013 now clock in just shy of $80 billion.
Story here:
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. ... TrimTabs call the liquidation "unprecedented" after indicating last Monday that bond outflows had already reached records with a figure of $47.2 billion. In just one extra week that number has risen to $79.8 billion which it says is reversing 73 percent of the $109.6 billion inflows seen earlier this year.
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It was clear on June 8 here that many bond investors were already then a month too late getting out.
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It was clear on June 8 here that many bond investors were already then a month too late getting out.
