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Rare! Inflow into USA Bonds ETF funds is approaching that of Stocks ETF, and AI Datacenter Bonds are popular.
As US stocks experience a significant correction, investors are turning to US Bonds for safe havens, with AI Datacenter related Bonds and short-term government bonds being favored by 'smart money'. In particular, 'ultra-short-term' government Fund, this year, the Inflow into ultra-short-term Bond ETFs accounts for over 40% of the total Inflow into Fixed Income ETFs.
Focusing on the high-quality development of the China debt market, the 2025 ICMA China Debt Capital Markets Annual Conference was held in Beijing.
On March 19, the 2025 ICMA China Debt Capital Markets Annual Conference, organized by the International Capital Markets Association (ICMA), was held in Beijing.
The central bank has been conducting hundred billion reverse repurchase operations for several consecutive days, signaling its support for the liquidity situation. What will be the trend moving forward?
① In the past three days, the central bank has continuously conducted reverse repurchase operations worth hundreds of billions, clearly signaling support for market liquidity. ② Market participants point out that the net injection scale is relatively limited and has not changed the upward trend of short-term interest rates. This may reflect policy objectives aimed at preventing funds from idling and curbing a rapid decline in long-term bond yields. ③ The possibility of the central bank stimulating a relaxation of market liquidity through large-scale liquidity injection is relatively low.
FOMC Press Conference, March 19, 2025
This wave of cold current in the bond market caught "stable returns" off guard, with sixty percent of bond funds declining, and Diversified Bond funds shifting from bond-heavy to stock-heavy.
① Among 4,548 Bond Funds, over sixty percent of products experienced a decline in net value in the past month; ② The top-performing bond funds are mostly Diversified Bonds, with a relatively high proportion of stock investments; ③ Several bond funds announced large redemptions and adjusted their net value precision; ④ The issuance proportion of new bond funds has decreased.
Report: Trump's team explored simplifying reciprocal tariffs but faced rejection, and is working to develop personalized tariffs for each country.
Officials in the Trump administration are fiercely debating how to implement a tariff plan that ensures an equivalent relation between the USA and other countries. Reports indicate that officials had previously considered simplifying the complex task of establishing new tariff rates by categorizing hundreds of USA trade partners into three tariff levels. However, this plan was later rejected.