Money flowing out of risky investments: What does it mean?

Money flowing out of risky investments: What does it mean?

Money continues to flow out of the riskier side of bonds. Take a look at this chart: 

As can be seen, the amount of money being pulled out from US high yield bonds has been on a downward trend for the last four months. This has not happened over the last year.

What does this mean? For one, the dumping of riskier debt means that investors are growing risk-averse and putting money in safer investments. More broadly, the movement away from high yield bonds could mean that market expectations are shifting towards safety, as general market risk continues to increase. Will the trend reverse? Only time will tell.