June 7 Reuters U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of Federal Reserve rate cuts this year.

Investors acquired about 5.06 billion worth of U.S. bond funds during the week, the largest since the week ended May 8, according to LSEG data.

Benchmark U.S. 10year Treasury yields fell to a twomonth low of 4.275 on Wednesday after a report showed that employers added fewer jobs in May than economists expected.

Investors await the U.S. Federal Reserve39;s meeting next week for insights on the potential for rate cuts this year. The European Central Bank and Bank of Canada both reduced interest rates earlier this week.

US shortintermediate investmentgrade funds saw upbeat demand as they drew about 1.53 billion, the largest weekly inflow since April 10.

High yield funds accumulated a robust 1.15 billion, the fourth weekly inflow in five weeks.

Meanwhile, demand for U.S. equity funds recovered partially as they received about 2.29 billion, the fifth weekly inflow in six weeks following about 7.45 billion worth of net selling in the week before.

Largecap funds secured a massive 4.2 billion in contrast to 1.12 billion in net selling, a week ago. Multicap funds also saw marginal purchases, but mid, and smallcap funds suffered 639 million and 516 million worth of outflows.

Among sectoral funds, utilities gained a sharp 966 billion, the…