The high -quality United States bond market has achieved the largest flows since 2020

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Investors collect money that retains the debts of American -rating American companies as soon as possible in about five years, confirming how the markets remain optimistic, despite the signs that the American economy is cooling.

Trading funds in the United States and investment funds recorded about $ 11.6 billion of flows from July 30 to August 6, according to the EPFR data provider. This represents the fifth highest weekly flow ever and the most since late 2020, according to Jpmorgan.

Strong flows came despite a series of reports that indicate that economic growth and employment in the United States have been cooled in recent months. Donald Trump’s comprehensive tariff On the commercial partners, they entered into force on Thursday.

However, a series of commercial deals with Japan, the United Kingdom and the European Union have reduced war concerns in recent weeks.

“With the stability of things, some of these tail risk fades,” said Sarang Kulkarni, the leading director of Global Credit in Vanguard. He added that the measures of major companies to enhance their public budgets in recent years have helped to improve the basics of companies.

The costs of borrowing to a high degree of classification or investment, American companies have declined significantly since April, when the revenues increased as “liberation day” of Trump The tariff announcement The markets shook. The spread, or distinguished investors to request corporate bonds on treasury bonds, is now 0.8 percentage points – nearly the lowest level since the late 1990s.

This credit gathering was part of the broader progress in the most dangerous assets that also took Wall Street to a series of standard heights while strengthening unwanted bonds and loans, as a series of commercial deals help go to a more severe trade war and their economic repercussions.

The scales of fluctuations for both shares and debts jumped in April, but they were steadily infiltrated in the decisive months.

But some investors have warned that the current market levels are very benign, given the challenges faced by the American economy, which was emphasized with terrible job numbers last week.

“I think we will see weaker growth (the United States) more than we saw in the first few months of this year,” said Mike Ridel, Fidelity International Fund Director, said. He said that risk assets such as credit and stocks were “to calculate very small fluctuations, or a little opportunity for the difference.”

“I think the markets are wrong to be positive in global growth as they are now.”