Investing
Investors shed U.S. Treasuries and snap up stocks and cash
© Reuters. FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo
LONDON (Reuters) – Investors ploughed $20.1 billion into stocks in the week to Wednesday, and $15.2 billion into cash, according to a report from Bank of America citing data from EPFR.
They snapped up $5.9 billion of bonds but sold $800 million of gold, while the weekly outflow of $3.6 billion from U.S. Treasuries was the largest in seven weeks.
Treasury inflation-protected securities got their biggest inflow since July 2023 of $300 million.
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