FYI: Bond investors are running from anything that smells of interest-rate risk.
Investors pulled billions of dollars from exchange-traded funds that track longer duration fixed-income plays, as Treasury yields resumed their upward march. In fact, the top four outflows for U.S.-listed ETFs on Tuesday were all fixed-income related, as investors also yanked cash from funds stuffed with junk bonds, according to Christian Fromhertz, chief executive officer of Tribeca Trade Group.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-10/bond-etf-outflows-suggest-no-more-crying-wolf-on-u-s-rates?srnd=etfs