As I have pointed out, much of the massive retail flows into bond funds likely doesn't reflect as much of a search for "safety" vs. stocks as simply chasing the asset class with the most recent out-performance. Therefore, given that the bond market has reversed, it doesn't surprise me to see the following news in Barrons.
Since the Pimco Total Return is by far the largest bond mutual fund (and often shockingly the only bond fund choice in some 401k plans I have seen), the outflow from the fund is likely indicative of a larger trend among bond funds.
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