Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows, according to Morningstar.

Intermediate-term bond funds also redeemed $24.4 billion in June, led by outflows of $9.6 billion from the PIMCO Total Return Fund (PTTRX). DoubleLine’s Total Return Fund (DBLTX) also saw redemptions of $1.2 billion, its first monthly outflow, according to Morningstar.

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