US investment-grade bond funds and exchange-traded funds suffered record weekly outflows in the week ended July 22 as surging oil prices and rising Treasury yields triggered a sharp selloff in high-quality corporate debt, as per LSEG Lipper data, according to a Reuters report.
Investors pulled a net $7.1 billion from U.S. investment-grade bond funds during the week, marking the largest weekly withdrawal on record. The exodus followed a record one-day outflow of $8.2 billion on July 20, highlighting growing concerns over the outlook for interest rates and inflation.
