Record weekly bond fund inflows

Research evidence excerpt

Record weekly bond fund inflows

FICC Research

Interest Rates

6 July 2026

US Rates Research: Flow of Funds

Weekly bond fund inflows rose to $26bn, reaching the top of

the historical range, driven by broad-based demand at the

short-to-intermediate sector, while long-term govt bond Demi Hu, CFA +1 212 526 7398

funds also saw a notable rebound. Banks continued to add demi.hu@barclays.com

securities and in both USTs and MBS, while foreign demand BCI, US

softened. Samuel+ 1 212 526Earl5426

samuel.earl@barclays.com

We appreciate your 5-star vote in the USA: Economics & Strategy: U.S. Rates Strategy and BCI, US

Short-Duration Strategy categories. Anshul Pradhan

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BCI, US

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Fixed income ETF and mutual fund inflows accelerated over the five days through July 2,

with funds taking in $26bn, well above the prior four-week average pace of $15bn. Aggregate

weekly inflows rose to the top of the historical range, bringing total year-to-date inflows to

$348bn and extending the strong pace of demand seen since the April lows. Despite the market

repricing toward Fed hikes, the breadth and strength of demand diverges from prior tightening

episodes, suggesting bond fund investors are buying yield, not hikes.

The pickup in inflows over the past week was driven by broad-based demand at the short-

to-intermediate duration sector. Short-term corporate and intermediate-term corporate funds

both saw very strong demand, ranking at the 98th and 100th percentiles, respectively, while

mixed short- and intermediate-term funds also moved to the top of their six-month ranges. At