Emerging market local currency bonds have experienced their largest inflow since January 2023, with a $1.40 billion increase, according to a recent BofA Global Research report. This marks a significant turnaround from the previous week's outflow of $0.55 billion. The report highlights a broader trend of strengthening inflows across various asset classes, including U.S. high-grade bond funds and ETFs, which saw a $3.87 billion inflow, up from $3.08 billion the prior week. Equities also rebounded with a $14.92 billion inflow, reversing a $1.00 billion outflow. BofA analysts note, "Inflows accelerated across the board this past week ending on January 29," underscoring a renewed investor appetite for riskier assets amid evolving market conditions.