Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Committee
  • Bond traders are jumping into corporate debt on hopes of a Fed pivot, the Financial Times reported.
  • Bond funds saw inflows of more than $16 billion in the month to November 20.
  • Of that amount, junk bonds drew $11.4 billion in investment.

Risk-on investments are back in play, with corporate bonds seeing the biggest inflows since July 2020, the Financial Times reported.

In the month leading to November 20, corporate fixed-income funds pulled in over $16 billion, according to EPFR data cited by the FT.

Of that amount, junk bonds accounted for about $11.4 billion, with the remainder going towards investment-grade debt.