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After concerns about Donald Trump’s economic and trade policy, the short-term US government led to $ 22 billion in $ 22 billion in $ 22 billion, and for assets, a race for a race for assets and the shares collapsed.
Net streams for short-term treasury funds, January 14 and early March, according to EPFR information, according to EPFR information, vehicles are staged for vehicles in two years. The flows to long-term government bond funds have made the quarter so far, but it was as small as $ 2.6 billion.
As a result of a short dated government debt, such as investors, shares and necessary corporate bonds, such as risky assets such as risky assets, slows the world’s largest growth of the more developing trade agenda economy and stole higher inflation.
“There were significant flows and many variability in these markets, capital, as capital,” Said Bob Michele is the head of global stable income in JPMorgan Asset Management. “You are now looking at the US bond market and anchor in the storm.”
This week a bank showed that they did investors Cut “the biggest” In March, the United States distributes, elegant bond spreads – a space with low-estimated companies and debt costs between US government – They got up drastic.
Mark Cabana, head of the US Rental Strategy, said: “If you are increasingly worrying about risk assets, and maybe it is meaning to think about risking economic slowdowns or beyond risky alternatives.”
Analysts also curbed the complaint of the short-term debt of attractive products. For example, a monthly treasures, for example, provide 4.3 percent of products, and two-year notes offer 4 percent.
Investors and strategists also noted that if the United States indicate subsequent signs of slowing down and reduces the federal reserve interest rates, the treasury productivity and bondholders will cause prices to evaluate prices.
Bet on short-term US debt will be tested on Wednesday in connection with the latest economic and interest rate forecasts. Markets are waiting for two to three incisions with two or three incisions in the policy ratio of the Central Bank this year and ripple through the markets of any deviation from this worldview.
Analysts were the factor that the uncertainty was pushed to the shorter-term debt in the trajectory of the US economy trajectory.
If you think the “pure de-risking” and “(if) the capital market will be adjusted, it tends to go to a toollike tools,” he said.
“Of course, the money market fund has increased,” he said, pointing to vehicles that hold the promissory treasures and cash equivalents, but “there are short-term bond fund assets.”
Added Andy Brenner, “The head of the international stable income in Natalliance securities,” you will want to go to the long end of the curve, and you will get a bigger bang for the U.S. economy.
Cabana, “For those who think that the risks of growth are worried and thinking will fall, it means to prolong the curve.”
However, he said, “If you want this confidence and only a little security, the forefront of forewing funds are liquid, safe and probably in and out.”