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Com TW NOw News 2024

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Funds in bond ETFs rebounded in late October

Investors added billions of dollars last week to highly rated exchange-traded funds, which saw inflows of $6.7 billion, the biggest weekly increase since January, according to BofA Global.

However, outflows turned negative for high-quality bonds, with outflows of $0.22 billion, the biggest decline in seven weeks, according to BofA data.

A jump in yields on longer-dated government bonds since September, on the back of resilient economic data, has squeezed yields in the broader bond market and pressured equities through late October. The 2024 total return for the benchmark Bloomberg US Aggregate Bond index was below 2% on Friday, according to FactSet.