🔴 U.S. mortgage bond funds recorded September outflows among the seven largest since early 2021
Over the past three weeks, investors have pulled unprecedented amounts from U.S. mortgage bond funds, putting the outflows among the seven most severe episodes since early 2021. Surging interest rates have driven money out of volatile assets. The Bloomberg U.S. mortgage-backed securities index posted its second-worst performance ever in September. The sell-off followed a surge in U.S. Treasury yields to their highest levels in decades, fueled by soaring oil prices, inflation concerns, and expectations that the Fed will raise interest rates.
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Over the past three weeks, investors have pulled unprecedented amounts from U.S. mortgage bond funds, putting the outflows among the seven most severe episodes since early 2021. Surging interest rates have driven money out of volatile assets. The Bloomberg U.S. mortgage-backed securities index posted its second-worst performance ever in September. The sell-off followed a surge in U.S. Treasury yields to their highest levels in decades, fueled by soaring oil prices, inflation concerns, and expectations that the Fed will raise interest rates.
$XRP
$BTC
$XAUT