FYI: All month, investors were busy rejiggering their portfolios in advance of Wednesday's meeting of the Federal Reserve. Market observers widely expected that, at the meeting, the Fed would leave its benchmark interest rate unchanged, while setting the scene for a possible rate cut in July (which is exactly what it did).
As a result, the iShares 1-3 Year Treasury Bond ETF (SHY) saw a staggering $2.2 billion of net outflows, while the iShares Short Treasury Bond ETF (SHV) has brought in new assets of $4.0 billion over the same time period:
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-tale-2-bond-funds
