Flows Out of High Yield Bonds Continues; QE Success Questioned

Outflow out of High Yield bonds continues - A January 21 report from Bank of America Merrill Lynch, aptly titled “Recessionary Bond Flows,” points to price action that shows “global policy impotence & quantitative failure.” Monitoring fund flows and price action, the report from Michael Hartnett, the bank’s Chief Investment Strategist, and his team of Brian Leung and Garrett Roche, note, however, that equity outflows are currently paling in comparison to outflows witnessed during the volatile August of 2015 and other notable periods of volatility.

Money flows into government bonds and out of high yield bonds
Two interesting corollaries have . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible

Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others