This weeks fund flow report showed continued outflows on municipal bonds and a strong reversal in domestic selling. Domestic stocks had in-flows of $3.765 billion dollars, Foreign stock in-flows at $2.775 billion dollars. Taxable bonds had in-flows of $1.388 billion dollars and municipal bonds out-flows of -$2.368 billion dollars. This out-flow in municipals, is going to compound the problem in municipals.
There seems to be a lot of volatility in the domestic flows shows a lot of uncertainty in the markets. Domestic stocks showed outflows for months and this is the first significant sign of a reversal. Next weeks flows in domestic stocks should be telling of volatility.
No comments:
Post a Comment