June 7 (Reuters) – U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of Federal Reserve rate cuts this year.
Investors acquired about $5.06 billion worth of U.S. bond funds during the week, the largest since the week ended May 8, according to LSEG data.
Benchmark U.S. 10-year Treasury yields fell to a two-month low of 4.275% on Wednesday after a report showed that employers added fewer jobs in May than economists expected.
Investors await the U.S. Federal Reserve’s meeting next week for insights on the potential for rate cuts this year. The European Central Bank and Bank of Canada both reduced interest rates earlier this week.
US short/intermediate investment-grade funds saw upbeat demand as they drew about $1.53 billion, the largest weekly inflow since April 10.
High yield funds accumulated a robust…
