Investors Fled Treasurys At Record Pace Last Week--And Went Straight To Foreign Equities (And Apple)

A horde of investors decided to give up the safety behind U.S. Treasurys last week, seeking prospects for better returns elsewhere. 

Actually they seemed to look past the entire United States.

Treasury funds saw the greatest outflow in at least five years, according to mutual fund tracker EPFR Global. 

This corresponded with a exuberant Treasurys sell-off on Tuesday and a 10-year bond yield that nearly touched 2.3%. That came the same day Federal Reserve Chairman Ben Bernanke presented an improved economic outlook to Congress with nary a mention of further quantitative easing.

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Original content Bob DeMarco, All American Investor