CreditSights noted that at the beginning of this month, cash inflows into U.S. municipal bond funds reached their highest level since at least 2007.
According to Zhitong Finance APP, CreditSights stated that cash inflows into U.S. municipal bond funds by investors at the beginning of this month reached the highest level since at least 2007. Data from CreditSights showed that municipal bond mutual funds attracted approximately USD 2.4 billion in the week ending September 10, marking the highest level in 137 weeks, while exchange-traded funds (ETFs) recorded USD 2 billion in inflows, the highest in four weeks. According to data from the Investment Company Institute (ICI), investors withdrew approximately USD 20 billion from U.S. equity funds in the same week.
Driven by expectations of the Federal Reserve restarting interest rate cuts, investors are chasing the rally in U.S. state and local government bonds and rebalancing their…
