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SaltWire's Atlantic regional weather forecast for October 27, 2023 | SaltWire - U.S. investors remained net sellers of equity funds in the week to Oct. 25 driven by higher bond yields and concerns over the Israel-Hamas conflict.
The yield on U.S. 10-year Treasury bonds climbed to a 16-year peak earlier this week, breaching the 5% mark, driven by expectations of robust growth and a growing fiscal deficit. Investors reduced their exposure to financials, healthcare, and consumer discretionary sector funds by $841 million, $511 million, and $313 million, respectively. On the other hand, they allocated $823 million to the technology sector.
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