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TLT hits a 52-week low as investors pour billions into the Treasury ETF. It's like a bowl of ice cream and "you're starving," Balchunas says.
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Economist Justin Wolfers says the U.S. has its largest deficit outside a recession or war, with Medicare and food stamps funding tax cuts.
Treasury yields pulled back from multi-decade highs Thursday, with a chip rout sending investors into bonds and easing months of pressure.
Rep. Thomas Massie says all government spending is paid for by citizens, while the U.S. deficit is projected to hit 6.1% of GDP in 2027.
Nassim Taleb pushed back on Scott Bessent’s inflation claims, arguing the oil shock, deficit, and borrowing costs point to more pressure.
XBIL, a smart beta ETF launched in March 2023, offers exposure to 6-month US Treasury securities with $772.58 million in assets under management. The fund has a low 0.15% expense ratio and 3.65% dividend yield, but features concentrated holdings with only 2 positions. Alternative Treasury ETFs like BIL and SGOV offer larger asset bases and comparable or lower expense ratios.
Global money market funds attracted $166.4B in weekly inflows. Here's how SGOV, BIL, TLT ETFs fit into investors' flight to safety.