Annual U.S. Treasury Purchases by Sector

Annual U.S. Treasury Purchases by Sector This chart suggests that the Fed and money market mutual funds will buy the vast majority of new Treasury supply this year. Image: Financial Times

U.S. Corporate Bond Market Risk

U.S. Corporate Bond Market Risk It is different this time. Since the 2008 regulations change, corporate bond market-risk-taking has moved from banks to investors in mutual funds. Image: Swedbank Research

The Rise of Passive Investing

The Rise of Passive Investing Net inflows into index-tracking U.S. mutual funds and ETFs rose by around 50% in the second quarter from a year earlier. Image: The Wall Street Journal

Who Owns the Equity Market?

Who Owns the Equity Market? Most of the equity market is owned by households and mutual funds. But ETFs and foreigners continue to gain share. Image: Bianco Research