Global bond funds post massive weekly outflows on rate hike concerns

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- Global bond funds faced huge outflows in the week to October 4, driven by concerns over sustained high interest rates because of elevated inflation levels and a robust U.S. economy.

Intense selling by investors pushed yields on the benchmark 10-year US Treasury bonds, which move inversely to prices, to a fresh 16-year high of 4.884% this week. On the other hand, investors channelled investments into the safety of government bond funds, which attracted $1.04 billion during the week.

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