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Investors pour money into stocks, bonds as inflation worries ebb - BofA says
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Investors pour money into stocks, bonds as inflation worries ebb - BofA says
May 17, 2024 12:55 AM

LONDON, May 17 (Reuters) - Investors poured money into

stocks and bonds in the week to Wednesday, favouring laggards

such as utilities, but pulling money from pricier parts of the

market such as technology stocks, BofA research showed on

Friday.

Equity funds saw $11.9 billion in inflows, while bond funds

drew in $11.7 billion, BofA said citing data from EPFR.

Within fixed income, Treasury inflation-protected securities

(TIPS) saw outflows of $700 million, the most in nine weeks.

Data on Wednesday showed U.S. consumer inflation moderated

in line with expectations in April, offering investors

confidence that a recent pickup in fuel prices has not

translated into an overall rise in consumer price pressures that

could delay much-anticipated rate cuts.

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