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Flow Data Shows Treasuries Extend Best Start to Year Since 2004

CROSS ASSET

Bank of America Weekly flow update shows:

  • Weekly inflow into cash and bonds amounted to $68.1bln and $8.4bln respectively, while equities and gold saw outflows of $7.4bln and $900mln respectively.
  • Regionally, BofA note that that European stocks saw the second week of outflows at $200mln on the week, with tech seeing the biggest inflow, and healthcare the biggest outflow.
  • On Treasuries, the latest week saw US Treasuries extend their strongest start to the year since 2004, with $29.9bln on inflows across 2023.
  • Emerging market debt saw a third consecutive week of outflow, amounting to $1.8bln, while EM equities saw an inflow of $2.4bln.

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