US investment-grade bond funds and exchange-traded funds posted a net outflow of $7.1 billion in the week through the 22nd, marking the largest weekly outflow on record. The move came as rising US Treasury yields, driven by inflation concerns following higher oil prices, prompted investors to reduce their exposure to fixed-rate bonds. On the 20th, the funds saw a record single-day outflow of $8.2 billion. Meanwhile, high-yield bond funds attracted roughly $534 million in inflows, and leveraged loan funds also saw modest inflows.