(Bloomberg) -- Money managers are dumping Treasury ETFs as a revival in equity and commodity prices curbs demand for the relative safety of U.S. debt.

Treasury ETF net redemptions have reached $2.9 billion so far in April, on top of $4.8 billion pulled out in March, according to data compiled by Bloomberg. Net purchases of U.S. stock funds listed on exchanges have climbed to $8.5 billion this month and totaled $16.7 billion in March, the data show.

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