10 Jun 2015
Treasury ETF outflow is quickest on record
FXStreet (Mumbai) - The outflow from the Treasury ETF, the biggest government bond exchange-traded fund, was the fastest pace ever during the six weeks ended June 5.
As per Bloomberg reports, The USD 4.3 billion iShares 20+ Year Treasury Bond ETF, saw investors withdraw USD 1.7 billion of cash in the six weeks ended June 5. The total net outflow now stands at net USD 1.8 billion in 2015.
In six weeks to Jun 5, the yield on the 10-year and 30-year US treasury notes jumped by 0.5 percentage points to the highest in 2015. The sharp decline and outflow was mainly triggered by a rout in the European debt sell-off, followed by a stellar monthly US jobs report on June 5.
As per Bloomberg reports, The USD 4.3 billion iShares 20+ Year Treasury Bond ETF, saw investors withdraw USD 1.7 billion of cash in the six weeks ended June 5. The total net outflow now stands at net USD 1.8 billion in 2015.
In six weeks to Jun 5, the yield on the 10-year and 30-year US treasury notes jumped by 0.5 percentage points to the highest in 2015. The sharp decline and outflow was mainly triggered by a rout in the European debt sell-off, followed by a stellar monthly US jobs report on June 5.