© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo
Investors pumped in a net $65.6 billion into global money market funds in their biggest weekly net purchase since March 22, data from LSEG showed. U.S., European and Asian money market funds drew inflows worth $56.52 billion, $7.43 billion, and $3.59 billion, respectively. Global bond funds experienced $5.54 billion in outflows, over ten times higher than last week. Government bond funds saw redemptions of about $298 million, halting a 28-week buying streak. High-yield funds faced $1.83 billion in sales, while corporate bond funds drew $1.11 billion.
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