“Although the outflows in the last two months haven’t been quite as heavy, the fact that they’ve continued for five straight months is unprecedented.  And as Mike reported in his Money and Markets column yesterday, in just these five months alone, we’ve now seen outflows totaling more than $128 billion!  For mutual fund watchers, the most striking consequence is that Bill Gross’s Pimco Total Return Fund has shrunk by a whopping $37.5 billion since January, losing its top spot among the largest mutual funds in the world.  But for us, it means a lot more than that: It means that a major trend shift is now under way … and the shift is about to hit the fan.”

http://www.moneyandmarkets.com/mass-exodus-from-u-s-bonds-56031

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