Bond ETF Sales Surge as U.S. Ranks Last in World Debt Markets
- Investors withdraw most from U.S. government ETFs in 14 months
- Treasuries fall 1.1% in past month to become worst performers
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Investors are selling U.S. government bond exchange-traded funds at the fastest pace in 14 months as the Federal Reserve prepares to raise interest rates, helping make Treasuries the worst-performing sovereign market.
Money managers withdrew $4.1 billion from U.S. fixed-income funds in November, the most since September 2014, according to data compiled by Bloomberg. Treasuries have fallen 1.1 percent over the past month, the biggest loss among 26 bond markets tracked by Bloomberg and the European Federation of Financial Analysts Societies.