In the past week investors managed to withdraw $636m. From government and local bond funds, this being the biggest outflow of funds since June. This put an end to the five-week low infusion of these institutions. According to most investors, US public bonds will remain more volatile by the end of this year, judging the potential risks of President Donald Trump's pressure to cut tax rates. With Trump tax policy successfully implemented, most municipal and state budgets will experience a serious difficulty in paying interest rates on bonds, and this force investors to reduce their exposures to government and municipal bonds.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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