BoA Merrill Lynch: Bond outflows biggest since ‘taper-tantrum’

“High grade credit funds suffered their biggest outflow this year, and double the previous week (and also the biggest since June 2013). High yield outflows also jumped to $US1.1bn, the biggest since the start of the year. However, government bond funds suffered the most amid the recent spike in volatility, with outflows surging to the highest weekly number on record ($US2.7bn). This brings the total outflow from fixed income funds to almost $US6bn over the last week, the highest since the Taper Tantrum and the third highest outflow ever.“ (Source: Business Insider) (VIEW LINK)