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The Kobeissi Letter
BREAKING: US Treasury funds posted a record ~$19 billion in net inflows last week.
This surpassed the previous high of ~$14 billion seen during the 2020 pandemic.
As a result, the 4-week moving average jumped to ~$7 billion, the highest since March 2023.
Meanwhile, the 30-year Treasury yield is down nearly 30 basis points from its April high.
The US bond market is stabilizing.
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BREAKING: US Treasury funds posted a record ~$19 billion in net inflows last week.
This surpassed the previous high of ~$14 billion seen during the 2020 pandemic.
As a result, the 4-week moving average jumped to ~$7 billion, the highest since March 2023.
Meanwhile, the 30-year Treasury yield is down nearly 30 basis points from its April high.
The US bond market is stabilizing.
tweet