According to data from Bank of America, central banks around the world have been buying almost $2.4 billion in financial assets every hour for the past two months.
BofA’s weekly Flow Show reveals that central banks have purchased around $4 trillion in financial assets, including government and agency bonds , corporate bonds, and mortgage debt.
The support from central banks is potentially be fueling heat for securities markets. Some $17.8 billion has been poured into bond markets over the past week, the biggest move in more than three months. Around $3.5 billion has been invested into gold, the second largest on record.
Category ShortGovernment
1 Day | |||
---|---|---|---|
MFs / NAME | Price $ | Chg $ | Chg % |
PQSIX | 39.87 | 0.25 | +0.63% |
PGIM Quant Solutions Large-Cap Index R6 | |||
ODMAX | 39.91 | 0.04 | +0.10% |
Invesco Developing Markets A | |||
ACSMX | 9.34 | N/A | N/A |
Advisors Capital Small/Mid Cap | |||
CMUAX | 13.57 | -0.01 | -0.08% |
Columbia Select Mid Cap Value A | |||
KSOCX | 99.19 | -0.55 | -0.55% |
Kinetics Small Cap Opportunities Adv C |
A.I.dvisor tells us that GUSTX and VFIRX have been poorly correlated (+4% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GUSTX and VFIRX's prices will move in lockstep.
Ticker / NAME | Correlation To GUSTX | 1D Price Change % | ||
---|---|---|---|---|
GUSTX | 100% | N/A | ||
VFIRX - GUSTX | 4% Poorly correlated | -0.10% | ||
VFISX - GUSTX | 4% Poorly correlated | -0.10% | ||
VSGDX - GUSTX | 3% Poorly correlated | N/A | ||
VSBIX - GUSTX | 2% Poorly correlated | N/A | ||
VSBSX - GUSTX | 1% Poorly correlated | +0.05% |