A report from the Labor Department on Thursday showed monthly producer prices accelerated in January, while the producer price index for final demand rebounded 0.7% last month after decreasing 0.2% in December.
On Tuesday, consumer price index data showed inflation accelerated in January and was more than expected on an annualized basis. Refinitiv Lipper data showed investors withdrew a net $958 million out of U.S. bond funds, marking the first weekly net selling since Jan. 4. U.S. taxable bond funds suffered $855 million worth of outflows compared with $1.89 billion worth of net buying in the previous week. Investors also sold $311 million worth of municipal bond funds.
GRAPHIC: Fund flows: US equities, bonds and money market funds (https://fingfx.thomsonreuters.com/gfx/mkt/zgpobkqwnvd/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg)
U.S. high yield, general domestic taxable fixed income, and emerging markets debt funds witnessed outflows worth $3.04 billion, $1.2 billion, and $1.1 billion, respectively; short/intermediate investment-grade funds received $2.87 billion in inflows.
GRAPHIC: Fund flows: US bond funds(https://fingfx.thomsonreuters.com/gfx/mkt/akveqmdgevr/Fund%20flows%20US%20bond%20funds.jpg)
Meanwhile, U.S. equity funds booked $3.56 billion worth of net selling, the biggest weekly outflow in six weeks. U.S. large and mid-cap equity funds faced $4.01 billion and $915 million worth of withdrawals, but small-cap funds remained in demand for a third-straight week, with a net $725 million in inflows.
Meanwhile, investors secured $6.9 billion worth of money market funds in their first weekly net buying in three weeks.
GRAPHIC: Fund flows: US equity sector funds (https://fingfx.thomsonreuters.com/gfx/mkt/byvrlkzoxve/Fund%20flows%20US%20equity%20sector%20funds.jpg)
Source: Economy - investing.com
