A total of $11.1 billion flowed into bond funds in the week to Wednesday as investors left stocks amid a “bearish paralysis” on Wall Street, Bank of America Merrill Lynch said.

Investors pulled $9.8 billion from equity funds during the week as they remained cautious against an uncertain global backdrop caused by the United States-China trade war, the threat of impeachment against U.S. President Donald Trump, Brexit and the risk of recession, the bank said, citing EPFR data.