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iShares 1-3 Year Treasury Bond ETF (SHY)

- NYSEARCA
  • Nov. 17, 2014, 2:59 PM
    • The San Francisco Fed report could give food for thought to those calling for a rate hike within months as the Fed's official stance is that inflation below 2% is equally undesirable to inflation above that level.
    • "There is little evidence that monetary policy constitutes a major source of inflation risk,” says bank economist Vasco Curdia, arguing that typical inflation dynamics have been turned around by a financial crisis which has led to lower investment, underutilization of resources, slower growth, and in turn, downward pressure on inflation.
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, DTUL, TUZ
    | Nov. 17, 2014, 2:59 PM | 2 Comments
  • Nov. 3, 2014, 1:47 PM
    • iShares Barclays 1-3 Year Treasury Bond Fund (NYSEARCA:SHY) announces monthly distribution of $0.0285.
    • 30-day SEC yield of 0.29% (as of 10/30/2014).
    • Payable Nov 7; for shareholders of record Nov 5; ex-Div. Nov 3.
    | Nov. 3, 2014, 1:47 PM | Comment!
  • Oct. 30, 2014, 1:51 PM
    • U.S-listed fixed-income ETFs are set to record their biggest monthly inflow on record, with BlackRock data showing inflows through Wednesday of $17.4B, which would top February's $17B.
    • Those in the loop say a large chunk of that is money exiting Pimco's Total Return fund in the wake of Bill Gross' departure. They note a surge in trading volume in short-term government bond ETFs and board-market trackers which more or less act as cash substitutes. Those funds soaking up the bulk of the money this month: SHY, AGG, and BND.
    • BlackRock's (NYSE:BLK) head of fixed-income strategy at its iShares unit Matt Tucker says his people have been talking to clients about using AGG as a bridge position while they figure out which manager they now want to stick with.
    • ETFs: AGG, BOND, BND, SCHZ, LAG, SAGG, GBF, FBND, IUSB, VBND
    | Oct. 30, 2014, 1:51 PM | Comment!
  • Oct. 27, 2014, 3:17 PM
    • "We're going to have to weigh how best to avoid further unsettling markets that seem to have unsettled themselves pretty well on their own," says Boston Fed chief Eric Rosengren ahead of the FOMC meeting this week, which should bring with it the end of QE.
    • With asset purchases out of the way after a long period of taper, focus moves to the "considerable time" phrase used to describe how long ZIRP will remain in place. Some at the Fed don't like it because it implies the decision on rate hikes is based on a time frame rather than the economic data. Others, however, are worried a change to that language could rattle markets at a time when global growth concerns are beginning to reemerge.
    • The thinking is the FOMC waits until December to make a wording change as that meeting will be followed by a Janet Yellen press conference.
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, DTUL, TUZ
    | Oct. 27, 2014, 3:17 PM | 10 Comments
  • Oct. 10, 2014, 2:46 PM
    • More than $9B flowed into U.S.-listed fixed-income ETFs during the two weeks from Sept. 26-Oct. 8, with BlackRock's (BLK -1.2%) iShares capturing $6.2B of that money, according to the firm.
    • The iShares Core U.S. Aggregate Bond Fund (AGG) had inflows of $1.59B (Vanguard's BND saw inflows of $1.68B), the iShares 1-3 Year Treasury Bond Fund (SHY) drew in $1.68B, and the iShares 7-10 Year Treasury Bond ETF (IEF +0.2%) had $640M of inflows.
    • This isn't all Pimco related as unsteady equity markets have sent a wave of money into fixed income over the past few days.
    | Oct. 10, 2014, 2:46 PM | Comment!
  • Oct. 8, 2014, 2:28 PM
    | Oct. 8, 2014, 2:28 PM | 2 Comments
  • Oct. 8, 2014, 8:41 AM
    • A number of indicators - namely a low labor-force participation rate, long-term unemployment, the rate of involuntary part-time work, and the job-finding rate - point to more slack in the labor market than the 5.9% headline unemployment rate would suggest, says the Chicago Fed's Charles Evans in a speech titled, "Monetary Policy Normalization: If Not Now, When?"
    • Then there's the lame pace of wage growth - 2% annually over the past six years. "It is hard to imagine a robust labor market without solid growth in wages," says Evans, pointing to 3-4% as a healthier level.
    • Noting a number of downside risks to already meek inflation and growth prospects, Evans calls for the Fed to be "exceptionally patient" in tightening policy.
    • He'll be a voting member on the FOMC next year.
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, TUZ, DTUL
    | Oct. 8, 2014, 8:41 AM | 1 Comment
  • Oct. 7, 2014, 3:11 PM
    • Still seeing significant underutilization in the labor market, FRBNY President Bill Dudley says it's "premature" to hike rates now, but calls forecasts for a mid-2015 rate hike "reasonable." His comments come after last Friday's payroll report showed the unemployment rate dropping to 5.9%.
    • Among the factors helping to assure little upside for current inflation and growth forecasts, says Dudley, are a stronger dollar, weak foreign demand, and strong domestic energy production.
    • Previously: Kocherlakota: Forget rate hikes in 2015
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, TUZ, DTUL
    | Oct. 7, 2014, 3:11 PM | 5 Comments
  • Oct. 7, 2014, 2:45 PM
    • "It would be inappropriate for the FOMC to raise the target range for the fed funds rate at [2015] meeting," says Minneapolis Fed boss Kocherlakota, not disappointing his dovish fans. The central banker doesn't see inflation rising above the Fed's 2% target rate until 2018; it's would therefore require some explaining as to why the Fed would be interested in tightening monetary policy in 2015.
    • Kocherlakota is a voting member of the FOMC this year, but not in 2015.
    • Short-duration Treasury ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, TUZ, DTUL
    • Previously: 10-year Treasury yield erases post-Labor Day advance
    | Oct. 7, 2014, 2:45 PM | 3 Comments
  • Oct. 3, 2014, 11:06 AM
    | Oct. 3, 2014, 11:06 AM | 3 Comments
  • Oct. 1, 2014, 9:42 AM
    • iShares Barclays 1-3 Year Treasury Bond Fund (NYSEARCA:SHY) announces monthly distribution of $0.0303.
    • 30-day SEC yield of 0.41% (as of 9/29/2014).
    • Payable Oct. 7; for shareholders of record Oct. 3; ex-Div. Oct. 1.
    | Oct. 1, 2014, 9:42 AM | Comment!
  • Sep. 29, 2014, 8:13 AM
    • At his Delphic best this morning, leading Fed dove Charles Evans tells CNBC it will be "quite some time" until the FOMC tightens policy, and then suggests June 2015 as the date of the first rate hike, though a delay until after that is a possibility.
    • It's important, says Evans, to see 2% inflation on a sustainable basis.
    • 30-Day Fed Funds futures are pricing in a 25 basis points rate hike by the end of June 2015.
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, DTUL, TUZ
    | Sep. 29, 2014, 8:13 AM | 6 Comments
  • Sep. 26, 2014, 10:07 AM
    | Sep. 26, 2014, 10:07 AM | 4 Comments
  • Sep. 24, 2014, 1:18 PM
    • The Chicago Fed's Charles Evans doesn't disappoint his dovish fans urging the FOMC to "err on the side of patience in removing highly accommodative monetary policy," and not to worry about an inflation rate moderately exceeding the 2% target for a limited time.
    • "I am very uncomfortable with calls to raise our policy rate sooner than later. I favor delaying liftoff until I am more certain that we have sufficient momentum in place toward our policy goals."
    • ETFs: SHY, BIL, VGSH, SHV, SCHO, DTUS, SST, DTUL, TUZ
    • Previously: Dudley brings the dollar into it
    | Sep. 24, 2014, 1:18 PM | 1 Comment
  • Sep. 23, 2014, 8:18 AM
    • The Philadelphia Fed's Charles Plosser yesterday announced his retirement and another faithful hawk, Dallas' Richard Fisher, must step down in April due to Fed retirement rules.
    • The two were notable for their dissent - they want a quicker timetable for rate hikes - from last week's FOMC decision.
    • Checking the "dots," Jon Hilsenrath says pulling the two's estimates would bring the 2015 year-end median forecast rate down to 1-1.25% from 1.25-1.5%. The 2016 forecast would be 2.5-2.75% from 2.75-3%. This naturally assumes two hawks won't be appointed to replace Plosser and Fisher.
    • Maybe more important, the exit of the two means the exit of two dissents on a committee that prizes consensus very highly.
    • ETFs: SHY, BIL, SHV, VGSH, SCHO, DTUS, SST, DTUL, TUZ
    | Sep. 23, 2014, 8:18 AM | 1 Comment
  • Sep. 17, 2014, 2:16 PM
    • There's little news from the FOMC policy statement (other than two dissents instead of one), but there's a bit more action in the economic projections and the "dots."
    • The projection for 2015 GDP growth is cut somewhat, but so is the forecast unemployment rate, now at a range of 5.4-5.6% from 5.4-5.7%. The high end of the core PCE inflation forecast is cut, now 1.6-1.9% from 1.6-2.0%.
    • 11 out of 17 FOMC members now see the Fed Funds rate at above 1% by the end of 2015. Four of the group see Fed Funds at about 4% by the end of 2016.
    • The bond market is selling off on what could be argued to be a more hawkish lean to the policy statement and projections. The 10-year Treasury yield - at about 2.56% ahead of the release - is up to 2.60% at the moment. TLT +0.35%
    • More sensitive to short rate, the 3-year yield jumps about 7 basis points to 1.1%.
    • Janet Yellen's press conference begins at 2:30 ET.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBLSHY, IEF, PST, IEI, TYO, DTYS, BIL, UST, VGIT, SHV, VGSH, TBX, SCHO, GSY, SCHR, DTYL, TYD, ITE, DTUS, SST, DTUL, TUZ, DFVL, TBZ, FIVZ, DFVS, TYNS
    | Sep. 17, 2014, 2:16 PM | 27 Comments
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SHY Description
The iShares Barclays 1-3 Year Treasury Bond Fund seeks to approximate the total rate of return that correspond generally to the price and yield performance, before fees and expenses, of the short-term sector of the United States Treasury market as defined by the Barclays Capital U.S. 1-3 Year Treasury Bond Index.
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Country: United States
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