Business & Finance
US Mortgage Bond Funds Suffer One of Worst Outflows Since 2021
Key Points
US Mortgage Bond Funds Suffer One of Worst Outflows Since 2021 Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility. The Bloomberg US Mortgage Backed Securities Index marked its second worst performance on record in September. The selling follows a spike in Treasury yields to multi-decade highs, fueled by surging oil prices, inflation...
US Mortgage Bond Funds Suffer One of Worst Outflows Since 2021
Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility.
The Bloomberg US Mortgage Backed Securities Index marked its second worst performance on record in September. The selling follows a spike in Treasury yields to multi-decade highs, fueled by surging oil prices, inflation concerns, and expectations of Federal Reserve interest rate hikes.