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Strategies & Market Trends : Aardvark Adventures
DAVE 224.03-8.1%Oct 30 3:59 PM EDT
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From: ~digs6/26/2013 8:02:32 PM
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Investors are staging a mass exodus from the bond market. So far this month, they've pulled a record $61.7 billion from bond mutual funds and exchange traded funds, according to TrimTabs. The outflow, which surpassed the previous record of $41.8 billion at the height of the financial crisis in October 2008, is a sharp reversal of the recent trend. Investors had plowed $111.2 billion into bond funds during the first five months of the year, but more than half of that has now been yanked out in June. money.cnn.com
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