The investment seeks to track the performance of a market-weighted Treasury index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays US Treasury 1-3 Year Bond Index. This index includes fixed income securities issued by the U.S. Treasury (not including inflation-protected securities), all with maturities between 1 and 3 years. At least 80% of the fund's assets will be invested in bonds included in the index.
IPO Year: n/a
Exchange: NASDAQ
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On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:DAL) as people are traveling. On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. The airline reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents, according to data from Benzinga Pro. SoFi’s Liz Young named Vanguard Short-Term Treasury Index Fund ETF Shares (NASDAQ:VGSH) as her final trade. Don't forget to check out our premarket coverage here
On CNBC’s "Halftime Report Final Trades," Liz Young of BNY Mellon Investment Management named Vanguard Short-Term Treasury Index Fund (NASDAQ:VGSH) as her final trade. Stephen Weiss of Short Hills Capital Partners picked Meta Platforms, Inc. (NASDAQ:META). Meta Platforms recently introduced a special bonus program for Instagram content creators to enhance their earning potential through engaging posts and reels. Don’t forget to check out our premarket coverage here Jason Snipe of Odyssey Capital Advisors named Comcast Corporation (NASDAQ:CMCSA), which reported better-than-expected results for the third quarter. Disney recently announced it will acquire the 33% stake in Hulu it
With the Fed funds rate at 5.5%, its highest level since the early 2000s, the temptation of cash-like investments has never been more appealing, pushing investors to reconsider riskier assets such as stocks. While the Fed may opt to press the hold button this month, the end of rate hikes has not been yet declared. Indeed, the possibility that interest rates could remain high for far longer than many predicted only a few months ago appears to be becoming more realistic. The resilience of the U.S. economy in recent times has left many economists and analysts scratching their heads, prompting them to adjust their growth projections. This, in turn, has made the prospect of a looming re
Traders appear to be backing out on the idea that the Federal Reserve will trim rates this year, as is apparent from the U.S. short-term interest-rates market, a report stated. Options open interest, which shows the amount of risk held by traders, declined sharply across a number of strikes shown by preliminary CME data released Monday, reported Bloomberg. This is a sign of capitulation following heavy pull-backs from rate-cut bets taken earlier, it said. Also Read: How To Invest In Startups The fears seem to be justified given the fact that Fed Chair Jerome Powell indicated the central bank could hike rates by another 50 basis points this year. He also reiterated the central bank's
Treasury yields rose during Wednesday Asian trading session ahead of Federal Reserve Chair Jerome Powell's testimony before Congress and as U.K. inflation came in higher than expected. Consumer Prices Index rose 8.7% from a year ago in May, reported Bloomberg citing the Office for National Statistics. Core inflation, which excludes volatile food and energy, rose unexpectedly to 7.1% from 6.8%, it said. Also Read: Best Penny Stocks Price Action: Yield on 2-year Treasuries rose as high as 4.74% compared to the lows of 4.66% seen on Tuesday, before cooling off a bit. Similarly, yield on 10-year notes rose to 3.76% against the lows of 3.7% seen the day before. "We will not hesitate i
Ahead of Federal Reserve Chairman Jerome Powell's testimony to Congress, Allianz chief economic adviser and noted economist Mohamed El-Erian said the central bank chair's message to the market was ‘confused and confusing.' ‘Confused because they said three things that are internally inconsistent. On the one hand, they increased the inflation forecast. They also increased the amount of hikes that they are anticipating. But on the other hand, they did not hike. So, that was an inconsistent set of outcomes,' he told CNBC. Also Read: How To Invest In Startups El-Erian also highlighted the mixed reactions in the marketplace. ‘You have those who believe that this was a committee outcome.
Andreas Steno Larsen, Founder and CEO of Steno Research, believes the banking turmoil is far from over as persistent core inflation may keep monetary policy tight in coming times. "Monetary policy is likely to remain tight as long as core CPI stays elevated, and with the metric being stuck at 5% annualized, it could be an argument to why Fed will keep rates high, which is the sole reason behind the latest banking turmoil," Larsen explained in a series of tweets. Also Read: How To Invest In Startups May Consumer Price Index (CPI) rose 4% on an annual basis, registering the lowest increase in two years. However, Core CPI, which strips out energy and food, stood at 5.3%, somewhat highe
Treasury yields jumped during the Asian trading session on Tuesday following a global sell-off in the bond market. The decline emerged in the United Kingdom. where investors and traders weighed on the possibility of extended rate hikes due to sticky inflation, reported Bloomberg. Market participants are also awaiting Federal Reserve Chairman Jerome Powell's testimony to Congress on Wednesday. The yield on the 10-year U.S. treasury rose as much as 3.82% before cooling off a bit. Australian yields with the same maturity rose eight basis points to their highest this year, reported Bloomberg. Markets had priced-in expectations that central banks would respond to signs of inflation cooling
Major Wall Street indices soared on Thursday as investors and traders began digesting the possibility the Federal Reserve's aggressive rate hike campaign is nearing its end. The Nasdaq Composite closed Thursday's session 1.15% higher while the S&P 500 gained 1.22% to hit their 14-month highs. Ross Gerber, President and CEO of Gerber Kawasaki Inc., believes the market has factored-in that the economy will not tip into a recession. "Rally rally as the new bull market gores more bears. Market is saying no recession and the Fed is done. The fed knows that higher rates will only kill more banks… you could see it in Powell’s face…," he said in his tweet. The SPDR S&P 500 ETF Trust (NYSE:SPY)