Mutual and exchange-traded funds dedicated to building and upgrading roads, bridges, airports and other projects attracted more than $450 million from November through January.
Fed paper suggests that financial news holds predictive power when it comes to economic data.
Few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now.
Demand for U.S. Treasuries has moved "from global to local."
A world with excess savings is still struggling to sate its appetite for investable assets in public markets.
Funds that buy nothing but convertibles and hold them have more money than they know what to do with.
