Quick update of both flows (net) into ETFs, below we review also the various yield curves.
The main beneficiaries of flows in the last few weeks have been the super high grade bonds and money markets. It is worth noting that other sector received substantial flows (in %): Agricolture (coffee and soy bean) and Sweden (currency).
The US BBB corp curve did not shift much during the last week after the almost 15bps move. The situation is similar for higher grades in the US.