Lede

The CEO of MarketAxess believes that there are signs of an impending influx of Treasury ETFs.

Summary

• MarketAxess CEO Chris Concannon believes that there are indications that Treasury ETFs may soon see significant inflows.
• The Federal Reserve's recent rate increase, coupled with the impending release of the Fed's meeting minutes, has generated uncertainty on Wall Street.
• Tom Lydon, vice chairman of VettaFi, has noted a similar trend of investors moving back into bonds, including corporate and high-yield bonds, to lock in higher rates for longer durations.
• VettaFi data shows that fixed income ETFs have received $45 billion in inflows so far this year, while corporate bond ETFs experienced $6 billion in outflows during Q1.
• Lydon speculates that investors may be losing faith in traditional 60/40 investment portfolios and prioritizing safety until the market stabilizes.