Bonds
Cash-Like ETF Attracts $2.5 Billion in Biggest Haul Since 2020
- Short-duration bond funds see huge inflows as stocks whipsaw
- Six-month Treasury bills yield about 5%, highest since 2007
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Turbulent equity markets and lofty bond yields has cash back in high demand.
Nearly $2.5 billion flooded into the $23 billion iShares Short Treasury Bond ETF (ticker SHV) last week, data compiled by Bloomberg. That’s the biggest weekly influx for SHV, which holds bonds maturing in one year or less, since the depths of the pandemic in March 2020.