Funding for bond ETFs rebounds in late October

by Junna Base November 6, 2024

Investors poured billions of dollars into top-rated bond exchange-traded funds last week, which saw inflows of $6.7 billion, the biggest weekly increase since January, according to BofA Global.

However, inflows turned negative in high-grade bonds, where $0.22 billion outflowed, the sharpest decline in seven weeks, according to BofA.

A rise in longer-term Treasury yields since September on robust economic data has reduced returns in the broader bond market and pushed stocks lower through late October. The Bloomberg US Aggregate Bond Index’s 2024 total return was below 2% as of Friday, according to FactSet.

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