SHY - SHY: The Fed Is Supporting Short-Term Treasuries
The iShares 1-3 Year Treasury Bond ETF (SHY) has been rallying since November 2018 amid a dovish Fed. Fed chairman Powell’s latest statements have also been a boost to the ETF, as they caused yields to plunge. While the SHY ETF will continue fluctuating amid new economic data coming in, extended periods of accommodative monetary policy from the US central bank certainly provides good reason to be bullish on short-term treasuries.
Source: Yahoo Finance
Prospectus Review:
The SHY ETF has an objective to provide investors with exposure to the ‘front end’ of the