BILS News and Press, SPDR Bloomberg Barclays 3-12 Month T-Bill From 01/30/24

2024-01-30 11:35:00 ET Summary The US 10-2-year Treasury yield spread has moved from a deep inversion at 108 bps last July to -14 bps as of January 25, 2024. Re-steepening of the yield curve has historically coincided with rising unemployment claims. For stocks, corporate debt...

2024-01-26 23:17:00 ET Summary The surge in money markets since the “pandemic” has revived the age-old narrative that “money on the sidelines” is set to come into the markets. The current equity to money market asset ratio, although down from its record...

2024-01-26 21:36:00 ET Summary From October 2022 through December 2023, cumulative returns for the US Treasury Bill 1–3 Month Index were 6.1%, compared with 7.5% for the Bloomberg US Aggregate Bond Index. Historically, in the three months prior to the first Fed rate cut, th...

2024-01-26 01:30:00 ET Summary Investors could consider finally buying bonds under the assumption that they will earn reasonable yields and, when we do have periods of slowing economic growth and/or market shocks. Equities will remain a ballast and will likely continue to be drive...

2024-01-25 02:30:00 ET Summary While treasury rates, across maturities, jumped dramatically in 2022, their behavior diverged in 2023. The yield curve has been inverted for all of 2023, in all of its variations. If inflation continues its downward path, it is likely that we wil...

2024-01-22 15:40:00 ET Summary The General Business Conditions index fell to -43.7, a depth only exceeded by the -78.2 reading in April of 2020 with the economy shut down for COVID. New orders (-49.4 vs -11.3) and shipments (-31.3 vs -6.4) also posted sharp declines and unfilled o...

2024-01-20 01:10:00 ET Summary So close, and then so far. That was the story of the Treasury yield curve last October, when the 10-year yield briefly touched a decades-long high of five percent. As has become the norm, the bond market took whatever the Fed said and doubled down. ...

2024-01-19 08:45:00 ET Summary The US 10-year Treasury yield has been below the 3-month yield since November 2022. This rare yield inversion has preceded each recession since 1982, with no false signals. In past cycles, the US Fed stopped hiking when the yield curve inverted, ...

2024-01-18 16:47:10 ET Summary The SPDR® Bloomberg 3-12 Month T-Bill ETF tracks the Bloomberg 3-12 Month U.S. Treasury Bill Index. The BILS fund has a slightly lower performance compared to the index due to its annual expense ratio. The fund is well-positioned for potenti...

2024-01-15 21:13:00 ET Summary The highest-rated core government bonds are called “risk free” not because their prices don’t go up and down, sometimes wildly, and not because they are insensitive to shifting economic forces. The overwhelming probability is tha...