U.S. investors have been net selling equities funds for the sixth consecutive week, driven by increased bond yields and concerns about the Israel-Hamas conflict.

The yield on 10-year Treasury bonds reached its highest level in 16 years, indicating strong economic expansion and an expanding fiscal deficit.

Multi-cap, mid-cap, and small-cap funds experienced net withdrawals, while large-cap funds saw the largest inflows in six weeks.

Investors decreased their allocation to financials, healthcare, and consumer discretionary sector funds, while $823 million was committed to the technological sector.

The net selling of short/intermediate investment-grade and inflation-protected funds also decreased.