US equity funds post $5.11B weekly outflow as Treasury yields, oil prices weigh

US equity funds recorded $5.11 billion in net outflows in the week ended October 7, the first weekly outflow since September 16, as investors locked in profits during a market rally amid rising Treasury yields and persistently high crude oil prices, LSEG Lipper data showed. The S&P 500 hit a record high of 7,844.52 earlier in the week before easing, as a bond market rout pushed the 10-year Treasury yield to 5.3645%, its highest since April 2002, on inflation concerns. Large-, mid-, and small-cap funds saw net outflows of $14.08 billion, $1.03 billion, and $834 million, respectively. Sectoral funds drew $5.68 billion, led by technology at $4.53 billion, with utilities and industrials attracting $1.18 billion and $1.04 billion. US bond funds posted a weekly record $19.78 billion in inflows. Short-to-intermediate government and Treasury funds drew $6.76 billion, the most in six months. Money market funds attracted $68.49 billion, reversing the prior week's $43.6 billion in outflows.