A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yieldscontributed to the deceleration of fund outflows in May.
Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can be attributed to short-term selling or cash investors want to put to work. «It's been people dipping their toes into the water,» the managing director told CNBC's "ETF Edge" on Monday. «You're coming out of what's going to be a U-shaped recovery, I believe.Read more on cnbc.com