Investors pile into stocks, dump US Treasuries

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© Reuters. FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) -Investors ploughed $20.1 billion into stocks in the week to Wednesday, a report from Bank of America citing data from EPFR said on Friday, rounding off a strong month for equities driven once again by rallying tech shares.

U.S. Treasuries meanwhile saw their biggest weekly outflow in seven weeks at $3.6 billion, while Treasury inflation-protected securities got their biggest inflow since July 2023 of $300 million, BofA said.

U.S. bond yields closed January slightly higher on the month as their prices fell, but have fallen sharply this week, in part due to a safety bid from renewed jitters over regional U.S. banks.

The stock index, a broad measure of U.S. shares, ended January around 1.5% higher, although the regional bank selloff has…

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