One $7.1B trade skewed US bond market data. Here's why.
The unusual transaction made it look like US investment-grade bonds suffered a record $7.1 billion withdrawal last week. Lipper, a research branch of the London Stock Exchange Group, pulled the specific fund from its Saturday report to see if the move was just a simple transfer. Without that one massive number, the American funds actually took in $1.54 billion over the seven days to July 22.
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