'UST Selling Last Year Offset By Cash and Hedging 2000 1800 1600 1400 1200 1000 800 600 400 200 C..sourative US short-term ponfoho flows Immlo & ST loans, Do USD) 94 96 98 00 02 04 06 08 10 12 SOU/014 Ditatitho Hunk abentre RAMC* LP, ONIStehat Equity Valuations Not Extreme, Inflows Should Rec