Investment Grade ETF Volume and Flows Update

The blue line in the chart below shows the 50-day moving average of investment grade bond volume. The green line shows investment grade bond ETF volume. The red line shows investment grade ETF volume as a percentage of the underlying cash market.

The chart below shows the year-to-date flows into investment grade ETFs.

The top panel (black) shows the Bloomberg investment grade option-adjusted spread (OAS). It is plotted inversely to mimic price.
The second panel (blue) shows the cumulative flows into investment grade ETFs.
The third panel (red) shows the change in assets since January 1 in all investment grade ETFs.
The bottom panel (green) subtracts the cumulative flows (blue) from total assets (red) to show a running P&L for the year-to-date flows.