Bond funds had their worst month in at least 20 years and possibly ever, according to data released by Lipper Thursday.
Bonds bled $15.3 billion in August, well ahead of the $11 billion in outflows suffered in November 1994. Things were looking rosy in February, when investors poured $19 billion in net inflows into the product, but things have surely gone sour recently. Short and intermediate bond funds saw $9.1 billion walk out the door, while $6.2 billion in long-term bond assets filed out. Outflows in bonds totaled an estimated $8.8 billion in July and marked the first outflow since December 2001and the largest outflow since late 2000