Tuesday, July 2, 2013

Investors dumping bonds

bond fund flows
Bernanke's tapering talk spooked investors.
NEW YORK (CNNMoney)

Investors bolted out of bonds last month, yanking a record $80 billion from bond mutual funds and exchange traded funds, according to TrimTabs.

Those who fled were spooked by Federal Reserve chairman Ben Bernanke's recent announcement that the central bank could start pulling back on its bond purchase program later this year.