Treasuries on track for record $206 billion inflow in 2023 – BofA

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The team of BofA strategists pointed out that cash inflows for the current quarter have totaled an impressive $145B. Treasuries also experienced substantial inflows, reaching $127B for the year. This trajectory is on track to set an annual record of $206B in inflows.

Notably, the healthcare sector saw its largest inflow since April, amounting to $1.4B. Conversely, high-yield (HY) bonds experienced their most significant outflow in 12 weeks, totaling $1.2B.

Emerging markets (EM) faced their most substantial debt outflow in 6 weeks, amounting to $1.2B. However, EM also witnessed its largest equity inflow since April, reaching $6B.

In terms of regional breakdowns for equities, the United States experienced its first outflow in 3 weeks, totaling $1.6B. Europe continued its trend of outflows for the 22nd consecutive week, amounting to $3.5B. On the other hand, Japan marked its second week of inflows, attracting $2.5B, while emerging markets (EMs) recorded their fifth week of inflows at $6B.