The most popular bond funds are increasingly found further out on the yield curve, according to Citi.
Investors appear to be growing more comfortable with the path for interest rates and are shifting their fixed income bets accordingly. Citi managing director Scott Chronert said in a note to clients on Tuesday that investors using exchange-traded funds moved their bond exposure to longer-dated assets in July. "Money seemed to move out the curve via ETFs last month. ... Ultra short and short duration ETFs were redeemed. Long duration had notable inflows," the note said.
Yields move opposite of price, and longer-term bonds tend to see a bigger drop in price when the Fed hikes rates. But now that the Fed has slowed its rate hikes, investors could see less risk of price depreciation for longer-term bonds. The list of the most popular bond funds by inflows in recent weeks is dominated by large passive funds.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
ETF analyst raises spot Bitcoin ETF approval chances in the US to 65%The spot Bitcoin ETF race has garnered attention from some of the biggest traditional financial institutions and the likes of Balchunas believe that the interest of these institutional giants like Blackrock could be the best possible chance for approval of a spot Bitcoin ETF.
Consulte Mais informação »
Mubadala CITI DC Open offers equal status for women and men but unequal prize moneyThe men’s champion receives a check for $353,445; the women’s champion earns $120,150. That is not an anomaly. There are other stops on the professional tennis tours that include female and male players but do not pay them evenly.
Consulte Mais informação »
Citi Analysts Say China’s Mortgage Rate Push Is Concern at BanksChina’s use of stronger language in its latest pledge for banks to cut mortgage rates may lead to more pressure on margins, according to Citigroup Inc. analysts.
Consulte Mais informação »
Ethereum ETF Race Gains Steam, Six Asset Managers Filed With SECBloomberg experts indicated all asset management heavyweights that are waiting for SEC to approve their Ethereum (ETH) futures ETF filings
Consulte Mais informação »
Is Bitcoin on Slippery Slope? Factors Point to Potential $27,000 PlungeWith Bitcoin slipping below the 50 EMA and signs of decreasing network inflows, is a significant price drop on the horizon?
Consulte Mais informação »
Chinese tennis star Yibing Wu, 23, collapses in scary Citi Open sceneA scary moment occurred at the Mubadala Citi DC Open on Monday when Yibing Wu, a 23-year-old tennis player from China, collapsed on the court.
Consulte Mais informação »