BREAKING: US leveraged-loan funds saw a record 6.5 billion net outflow in the week ended Wednesday. This surpassed the previous record of 3.6 billion seen in the December 2018 sell-off. Furthermore, investors pulled out a whopping 2.5 billion from the two largest ETFs tied to US leveraged loans this week. The Invesco Senior Loan ETF, BKLN, the biggest fund tracking corporate floating-rate debt, recorded a 1.4 billion outflow in 4 trading days, the largest since its 2011 inception. All while US high-yield bond funds posted 9.6 billion in withdrawals, the biggest in nearly 20 years. The flight to safety is real.