Investors are snatching up ultra-short Treasury bonds as they race for safety.
With markets hitting all-time highs, investors are increasingly dumping cash into the Goldman Sachs Access Treasury 0-1 Year ETF, or GBIL, and the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF, or BIL, both of which track short-term U.S. government debt. GBIL’s assets have soared past $2 billion for the first time as a record $220 million flowed into the fund on Tuesday, following $145 million on Monday. And both ETFs have seen their average daily volumes spike this week.
