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Falling rates and growing confidence in US economy drive a bond revival

Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off
Across the industry, the prospect of falling central bank interest rates and benign economic conditions gave investors increased confidence that bonds would hold their value and provide competitive returns

Revived investor enthusiasm for bonds and growing confidence in a “soft landing” for the US economy is buoying some of the world’s biggest financial groups and sparking record inflows into fixed-income exchange traded funds.

BlackRock and JPMorgan Chase said on Friday that they had each pulled in unprecedented amounts of new assets to manage in the third quarter as they reported better than expected quarterly profits.

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