Investors have poured a record $600 billion into Global Bond Funds this year to take advantage of some of the highest yields in decades. According to financial data provider EPFR, as of mid-December, the inflow into Developed Markets and Emerging Markets Bond Funds reached $617 billion, surpassing the $500 billion in 2021, making 2024 likely to be a record-breaking year. The decline in inflation has ultimately allowed major central banks to lower interest rates, prompting investors to lock in relatively high yields. After a withdrawal of up to $250 billion from Global Bond Funds in 2022, the "Year of Bonds" has finally arrived. Vasiliki Pachatouridi, the head of Fixed Income strategy at Blackrock's Europe, Middle East, and Africa (EMEA) iShares, stated: "The key is in the yield. We haven't seen yield levels like this in about 20 years." Data shows that while the ROI of the ICE-BofA Global Bond Index is around 2% this year, the yield on bonds issued at the end of last year was as high as 4.5%, the highest level since 2008.