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The FT notes that "investors poured a.........>

BONDS
BONDS: The FT notes that "investors poured a record $10.5bn into junk bond funds
in the week ending Wednesday, after the Federal Reserve shocked markets by
pledging to support the debt. The inflow to mutual funds and exchange traded
funds marks a 49 per cent jump from the prior record set just two weeks ago,
according to data from EPFR Global. The bulk of the inflow went to US funds,
which took in $8.6bn for the week. The Fed last week added junk bond ETFs to the
corporate bond and credit ETF buying programme it announced last month. The
purchases will inject liquidity into the market and ease borrowing costs for US
business through the downturn caused by the coronavirus."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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