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.