In the Margins
Investors pulled $6.7 billion out of taxable bond funds in the week ended Sept 20, the group's second-largest weekly outflows on record and the biggest weekly outflows from the funds since October 2008. "This week's outflows from bond mutual funds surprised me in terms of its scale—second-largest on record—and diversity, meaning the selling was spread across categories and companies," Jeff Tjornehoj, head of Americas research at Lipper, told Reuters. Read the original story from Reuters.
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