Amid news of rising coronavirus cases in the US and elsewhere last week, investors favored bonds at the expense of risk assets, based on a set of exchange traded funds representing the major asset classes for the trading week through June 26.
Inflation-linked government bonds outside the US led the fixed-income rally last week. SPDR FTSE International Government Inflation-Protected Bond (WIP) rose 0.8%. The advance marks the fund's first weekly gain in three weeks.
US inflation-indexed Treasuries were last week's third-best performer. The iShares TIPS Bond (TIP) rose 0.4%, the ETF's third straight weekly gain