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For traders on the lookout for momentum, iShares 1-Three 12 months Treasury Bond ETF SHY might be an appropriate decide. The fund simply hit a 52-week excessive — up roughly 3% from its 52-week low of $83.52/share.
Let’s check out the fund and its near-term outlook to realize an perception into the place it is likely to be headed:
SHY in Focus
The fund seeks to supply publicity to short-term U.S. Treasury bonds and tracks theICE U.S. Treasury 1-Three 12 months Bond Index. It prices 15 bps in charges and has an AUM of $18.38 billion (see all Government Bond ETFs right here).
Why the Transfer?
For the primary time, the benchmark 10-year U.S. Treasury notice yield has fallenbelow 1% on Mar 3. The declining yields have been a results of investors’ flight for safety to bonds, as issues over slowing international financial development as a result of coronavirus outbreak began escalating. The rapidly-aggravating issues are making high-yielding fixed-income investments engaging.
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