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Although cash remains an attractive safe haven with the prospect of fewer rate cuts for 2024, the nearly 30% increase in equities over the last year continues to propel clients toward rerisking into stocks and bonds. These inflows were partially offset by seasonal tax trading-related outflows from our U.S.
The transactionexecution was excellent and demand for the loan was significantly oversubscribed, underscoring the market's confidence in Cedar Fair and our management team. Following the financing and subsequent bond redemption, we have no near-term debt maturities. Ian Zaffino -- Oppenheimer and Company -- Analyst OK.
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