Investors pulled US$23.3 billion out of bond funds in the week ending 26 June 2013, the biggest outflow since records started in 1992, according to data released by research firm EPFR Global.
The funds that invest in high-yield junk bonds suffered outflows of US$6.8 billion in the latest week, according to the report.
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Other outflows included US$4.9 billion from investment-grade corporate bond funds, US$4.5 billion from U.S. municipal bond funds, US$1.3 billion from mortgage-backed securities funds, which were the most since records began in 1992 while US$5.6 billion from emerging market bond funds were the most since records began in 2004.
EPFR said US bond funds were hit hard, with outflows of US$10.6 billion. The yield on the benchmark 10-year US Treasury note raised 19 basis points to 2.54% over the week, sending bond prices lower.
Investors also pulled outflows of US$5.8 billion from emerging markets stocks and US$1.1 billion in new cash into the funds in the latest week, the report says.
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