ETFs seeking to replicate US 20Y+ bonds indices experienced a tough market session on Friday losing -0,70% as investors redeemed -$356,14M from the segment. The main news investors can extract from Jerome Powell’s speech last week was inflation, an average 2% will be considered by the FED. Also, 20Y+ US Treasuries ETFs are showing signs of weakness. The number of bankruptcies has been increasing across the globe and many companies are not generating enough cash to cover interest payments, credit conditions are getting tougher and tougher and according to various approaches, a rise in long yields could cause damage to bond portfolios. Friday’s market session brought the 30-day cumulative performance to -5,13% while investors redeemed -$810,14M over the same period. Year-to-date, ETFs progressed by +18,77% and cumulative flows are standing at -$3,2Bn. 12 ETFs tracking 2 indices are included in the segment for a total of $21,5Bn of assets under management.