U.S. government bond ETFs set to receive biggest quarterly inflow in 8 years

Reuters
·1 min read

June 27 (Reuters) - U.S government bond exchange-traded-funds (ETFs) are set to receive their highest inflow in at least eight years, in the second quarter of this year, as investors rush to put money in safer bonds amid fears over recession and higher inflation levels.

According to Refinitiv Lipper data, U.S. government bond ETFs have received $42.4 billion so far this quarter, the highest since at least Sept. 2014. They received $24 billion in the first quarter of this year.

The SPDR Bloomberg 1-3 Month T-Bill ETF, iShares Short Treasury Bond ETF and Wisdom Tree Floating Rate Treasury Fund led inflows so far this quarter, receiving $7.12 billion, $4.39 billion and $3.74 billion, respectively.

Analysts expect central banks' aggressive tightening measures to slowdown the global economies this year, which has deterred investments in riskier assets such as equities and high yield bonds. On the other hand, safer government bonds have gained interest.

Goldman Sachs forecasts a 30% chance of the U.S. economy tipping into recession over the next year - versus 15% earlier - while Morgan Stanley places U.S. recession odds for the next 12 months at around 35%.

The U.S. Federal Reserve earlier this month raised interest rates by 75 basis points, its biggest single rate hike since 1994, and has signalled its commitment to containing price pressures even if it brings about a growth downturn.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy; Editing by Krishna Chandra Eluri)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Q2 2024 Pathward Financial Inc Earnings Call

    Q2 2024 Pathward Financial Inc Earnings Call

  • Designer who worked on Beyonce tour unveils Eurovision stage for Malmo

    Olly Alexander is representing the UK.

  • Russia says it may downgrade ties with US if its assets are confiscated

    Russia is considering downgrading the level of its diplomatic relations with the United States if Western governments go ahead with proposals to confiscate its frozen assets, state news agency RIA quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday. The G7 group of nations are looking to use nearly $300 billion worth of Russian financial assets frozen by sanctions since 2022 to help support Ukraine, which is now in its third year of fighting a Russian invasion.

  • Group 1 Automotive, Inc. (NYSE:GPI) Q1 2024 Earnings Call Transcript

    Group 1 Automotive, Inc. (NYSE:GPI) Q1 2024 Earnings Call Transcript April 24, 2024 Group 1 Automotive, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, ladies and gentlemen. Welcome to Group 1 Automotive’s First Quarter 2024 Financial Results […]

  • Flooding in Tanzania has killed 155 people as heavy rains continue in Eastern Africa

    Flooding in Tanzania caused by weeks of heavy rain has killed 155 people and affected more than 200,000 others, the prime minister said Thursday. Prime Minister Kassim Majaliwa told parliament that the El Niño climate pattern has worsened the ongoing rainy season, causing the flooding and destroying roads, bridges and railways. Flooded schools have been closed and emergency services have rescued people marooned by the flood waters.

  • 'A little wacky': Tim Hortons to stage theatrical production called 'The Last Timbit'

    In the last year, Tim Hortons has treated cottaging Canadians to a boat drivethru, revived its beloved Dutchie doughnut and launched flatbread pizzas. But perhaps its biggest surprise will come this summer, on the heels of its 60th anniversary on May 17, when it enters a realm so unexpected for a fast-food giant that even its executives expect some people’s first reactions to be, “What?!” The head-scratcher will come in the form of "The Last Timbit," a musical for which Tim Hortons has assembled

  • 20 Counties with the Highest Cancer Rates in the US

    In this article, we will be taking a look at the 20 counties with the highest cancer rates in the US. If you do not want to learn about the global impact of cancer, head straight to the 5 Counties with the Highest Cancer Rates in the US. Confronting Cancer: Global Impact and Trends in […]

  • UPDATE 1-Russia says it may downgrade ties with US if its assets are confiscated

    Russia is considering downgrading the level of its diplomatic relations with the United States if Western governments go ahead with proposals to confiscate its frozen assets, state news agency RIA quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday. , which is now in its third year of fighting a Russian invasion.

  • Private equity owner of Sauer Brands explores sale of condiments maker, sources say

    The private equity owner of Sauer Brands is exploring a sale of the 137-year-old maker of condiments and spices that could value it at more than $1 billion, including debt, according to people familiar with the matter. Richmond, Virginia-based Sauer, which was founded in 1887 and is known for its Duke's Mayonnaise brand, is working with investment banks Morgan Stanley and William Blair to gauge interest from potential buyers, the sources said, requesting anonymity as the discussions are confidential. Charlotte-based private equity firm Falfurrias Capital Partners is expecting to command a valuation for Sauer equivalent to more than 10 times the company's 12-month earnings before interest, taxes, depreciation and amortization (EBITDA) of over $120 million, the sources said.

  • Inside the Matches collapse: London's fashion week stars sent into turmoil and frenzy

    London’s glittering fashion ecosystem has been left reeling after the recent demise of the once-prized luxury retailer, affecting everyone from factories to buyers and stylists. Victoria Moss talks to insiders caught in the crossfire

  • Travelzoo (NASDAQ:TZOO) Q1 2024 Earnings Call Transcript

    Travelzoo (NASDAQ:TZOO) Q1 2024 Earnings Call Transcript April 24, 2024 Travelzoo beats earnings expectations. Reported EPS is $0.3101, expectations were $0.29. TZOO isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. My name is Krista, and […]

  • Teacher attacked in Ammanford stabbing suffered ‘four deep stab wounds’, says husband

    A special needs teacher who was injured in a stabbing at a Welsh secondary school suffered “four quite deep stab wounds”, her husband has said.

  • Q1 2024 ServiceNow Inc Earnings Call

    Q1 2024 ServiceNow Inc Earnings Call

  • NFL draft best available players: Ranking top 125 entering Round 1

    The 2024 NFL draft is here, and USA TODAY Sports has broken down the top 125 players regardless of position entering the first round.

  • Mom Gives Birth, Suffers Near-Fatal Stroke Hours Later Due to Undetected Heart Defect: ‘Ticking Time Bomb’

    "The risk [of stroke] increases at the third trimester of pregnancy and the postpartum time after delivery," the woman's doctor said

  • Spain's PM Pedro Sánchez could quit as wife faces investigation over corruption allegations

    A Madrid court opened an investigation into Begona Gomez for the alleged offence of influence peddling and corruption

  • Woman, 21, rushed to hospital after drinking coffee contaminated with insects in Majorca

    The woman reportedly went into anaphylactic shock after drinking the coffee, which tasted ‘strange’

  • Merck Stock Jumps After Dow Jones Stalwart Rides Its Cancer 'Star' To Another Quarterly Beat

    Merck stock jumped Thursday after the drugmaker topped Wall Street's first-quarter expectations and raised its outlook for the year.

  • Spanish government to 'oversee' scandal-hit football federation

    The Spanish government on Thursday announced it will "oversee" the country's scandal-hit football federation (RFEF) to deal with its current crisis. "The Spanish government adopted this decision to redress the serious situation of the RFEF so that the organisation could enter a stage of renewal in a stable climate," the National Sports Council (CSD), an agency dependent on the Ministry of Sports, announced.The CSD said it will create a "commission of supervision, standardisation and representati

  • Q1 US GDP shows surprise slowing and uncomfortable inflation

    U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. Final sales to private domestic purchasers increased 3.1% annualized, so domestic spending by households is still healthy despite the headline weakness.