Investors pile into cash and TIPS in week to Wednesday – BofA

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LONDON, Oct 8 (Businesshala) – Investors pledged $14.9 billion in cash for the week on Wednesday and $1.8 billion in inflation guarded by the US Treasury as markets took a major sell-off, based on EPFR data on flow numbers. A round-up by Boffa. Shown on Friday.

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The BofA report said fixed income markets attracted the smallest weekly inflows since March at $3.9 billion, with just $2.1 billion in investment grade securities and both high-yield and emerging market bonds suffering outflows. .

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Japan’s shares lost $13 billion since April 2019, with US stocks gaining $4.3 billion and US stocks gaining $71 million, while their European peers suffered 1.3 billion outflows.

“Stagflation” winners of the late 60s/70s were real assets, real estate, commodities, volatility, cash, EM, all of which held their own versus inflation; the losers were bonds, credit, equities, technology, All of which ultimately led to conflicts,” strategist Michael Hartnett said in a note to clients.

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BofA also noted that central banks around the world had cut 999 interest rates since the collapse of Lehman Brothers in 2008, sparking the global financial crisis.

Reporting by Karin Strohecker; Editing by Julian Ponthus

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