CLTL - SHY: What Are The Prospects For Short-Term Treasuries?
The iShares 1-3 Year Treasury Bond ETF (SHY) had been rallying since November 2018, amid increasing expectations that the Fed is nearing the end of its rate hiking cycle. The diminishing interest rate risk encouraged investors to pile into short-term treasuries. Though since the start of this year it has mostly been moving sideways. Let us assess the latest developments to gauge the direction of the ETF going forward.
Source: Yahoo Finance
Prospectus Review:
The SHY ETF has an objective to provide investors with exposure to the 'front end' of the yield curve,