Flows into global bond funds hit a three-year high. In one week, investors poured $17.8 billion into these funds. Interest in bonds is driven by the easing of monetary policy in Europe and possible easing in the United States.
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Global bond funds raised $17.8 billion in the week ending June 5. This is a record figure since July 2021, Kommersant reported.
Investor interest in bond funds is growing amid the easing of monetary policy by global central banks. A few days ago, the European Bank lowered its reference rate by 25 points, to 4.25%, the Bank of Canada lowered the rate by 25 points, to 4.75%.
Unlike banks in Europe and Canada, the Bank of Russia, at its meeting on June 7, decided to maintain the level of the key interest rate. Currently it is 16%. The regulator allowed a significant increase in the key rate in the following meetings.
Author:
Kirill Bilyk
Source: RB
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