- Outflows from U.S. bond mutual funds and ETFs have risen to $19.7B in August from $14.8B in July, TrimTabs says, making this month's figure so far the fourth-highest on record.
- Since the beginning of June, $103.5B has left bond funds, or 2.7% of total assets.
- The sell-off in bonds, which has been prompted by fears of Fed tapering, has sent Treasury yields higher, with the 10-year hitting 2.871% today, the highest for just over two years.
- "We are concerned that the Fed is starting to lose control of the bond market, which is not good news for the stock market or the highly leveraged U.S. economy," TrimTabs said
- Related ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC, TRSY, PLW, GOVT, TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX, SHY, SHV, IEI, BIL, TUZ, FIVZ, DTUL, VGSH, DTUS, DFVS, DFVL, SST, ISTB, TBZ, TIP, STIP, LTPZ, STPZ, TIPZ, SCHP, IPE, TPS, TDTT, TDTF, RINF, FINF, INFL, DEFL, UINF, SINF, VTIP, TIPX, STPP, FLAT
Almost $20B flees bond funds in August so far
Aug 19 2013, 03:57 ET