Bloomberg writes, "Ultra-​Short Treasury Fund Sees Record Exodus as Trade Fears Ease." The article says, "The latest hints of a more-​conciliatory tone in the U.​S.-​China trade war spurred massive outflows from an exchange-​traded fund used to park cash." It adds, "The $​9.​1 billion SPDR Bloomberg Barclays 1-​3 Month T-​Bill ETF, known as BIL, saw record outflows of about $​568 million on Monday, according to data compiled by Bloomberg. The fund is seen as a popular strategy for times of trouble because it tracks the safety of short-​term U.​S. government debt. When appetite for risk returns, traders usually cut back on their exposure to the ETF."

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