BofA Sees Corporate Bond Sales Spree Fading as Demand Cranks Up

After a recent deluge of bond sales, US companies will take a breather in the second half, just as investors pile back in, according to Bank of America.

“Flows follow returns, which have turned positive since mid-June,” Bank of America strategist Yuri Seliger wrote in a note.

Investment-grade funds raked in $1.22 billion for the period ended Aug. 3, according to Refinitiv Lipper data, ending a record streak of 18 weeks of withdrawals. The debt gained 3.2% in July, its best performance in two years.

“We expect the inflows we saw this week to persist for the reminder of ...