LONDON (Feb 2): Investors ploughed US$20.1 billion (RM94.9 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.
US Treasuries meanwhile saw their biggest weekly outflow in seven weeks at US$3.6 billion (RM17 billion), while Treasury inflation-protected securities got their biggest inflow since July 2023 of US$300 million, BofA said.
US 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 US banks.
The S&P 500 stock index, a broad measure of US shares, ended January around 1.5% higher, although the regional bank sell-off has taken the shine off that rally as February trade gets underway.
BofA said the 9% sell-off over two days this week in US regional banks shares was…
