Fixed income ETFs have hit $100b in flows in first two months of year, a record start and a country mile ahead of their 5-10yr avg. Part it some risk-off rotation to bonds but most is simply that there's just there's just way more flows ALL AROUND so everything is off to record start. Usual suspects leading charge (vgrd 4 of top 6): SGOV, VCIT, BND, AGG, VGIT, BNDX chart via @SirYappityyapp(Eric Balchunas)