Core Data & Fund Flows (Week Ended May 20, 2026):
- The Equity Exodus: Investors yanked a net $12.05 billion out of U.S. equity funds, marking the second weekly outflow in nine weeks and the largest single-week liquidation since mid-March ($24.52B).
- The Yield Catalyst: Outflows were triggered as the 30-year U.S. Treasury yield spiked to 5.201%—a peak not seen since 2007—stoking severe fears over equity valuations and corporate margin compression.
- Cap-Size Breakdown: * Large-cap funds: -$7.18 billion
- Mid-cap funds: -$1.86 billion
- Small-cap funds: -$555 million
- Sector Winners & Losers: * Technology: +$2.57 billion (defying the rout to notch its 7th consecutive weekly inflow).
- Industrials: -$1.45 billion.
- Financials: -$1.32 billion.
- The Flight to Safety (Fixed Income & Cash):
- U.S. Bond Funds: Attracted $12.5 billion in fresh capital, led heavily by short-to-intermediate investment-grade bonds (+$4.63B) and short-to-intermediate Treasuries (+$4.43B).
- Money Market Funds: Sucked in a net $12.04 billion, completely reversing the prior week’s $4.19 billion outflow as investors moved to cash.