FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
(Reuters) – Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended Wednesday as market volatility from the coronavirus crisis began to subside, according to Lipper data released Thursday.
U.S. high-yield taxable corporate bond funds drew a record $7.66 billion in the week, while U.S. taxable bond funds took in $10.3 billion.
The broad push back into financial markets was accompanied by slightly more than $8.8 billion in inflows into mutual and exchange-traded funds that hold U.S. stocks, extending a streak of inflows that began the week of April 1.
The moves came as the benchmark S&P 500 stock index continued to rally on the back of extraordinary intervention into the bond market by the Federal Reserve, a $2.3…
