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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