Central banks have been buying $2.4 billion in assets every hour for the past two months

According to data from Bank of America,  central banks around the world have been buying almost $2.4 billion in financial assets every hour for the past two months.

BofA’s weekly Flow Show reveals that central banks have purchased around $4 trillion in financial assets, including  government and agency bonds , corporate bonds, and mortgage debt. 

The support from central banks is potentially be fueling heat for securities markets. Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months. Around $3.5 billion has been invested into gold, the second largest on record. 

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