U.S. fund investors pull most cash from bonds since February -ICI

U.S. fund investors dumped bonds during a market rout in the latest week, at the fastest pace since February, Investment Company Institute (ICI) data showed on Wednesday. More than $7.1 billion dropped out of U.S.-based bond mutual funds and exchange-traded funds (ETFs) during the seven days ended Oct. 10 as a debt market selloff pushed yields to seven-year highs. Nearly $1.7 billion flowed out of municipal bonds alone, the most cash pulled since the end of 2

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