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US Treasury 12 Month Bill ETF (NASDAQ: OBIL - Get Free Report) shot up 0% during mid-day trading on Monday. The company traded as high as $50.13 and last traded at $50.13. 29,990 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 48,453 shares. The stock had previously
Jeffrey Katz, TCW managing director, sits down with CNBC's Bob Pisani on 'ETF Edge' to highlight how TCW's flexible income ETF works and why now is the time for investor to increase their allocation to bonds. Alex Morris, F/m Investments CEO, digs into the firm's short-dated treasury ETFs offerings and explains why they're appealing to investors now.
OBIL offers low-risk exposure to 12-month Treasury Bills with a 4.04% yield, making it appealing amid persistent inflation. Core PCE inflation is driven by the super-core services component, particularly financial and healthcare services, with tight labor markets contributing to its stickiness. The Fed's restrictive monetary policy and strong labor market conditions suggest OBIL's yield is unlikely to face downward pressure.
OBIL offers an attractive “cash-like” alternative to traditional hedges, given the current high yield environment and expectations of future Fed rate cuts. The start of the Fed tightening cycle has suppressed volatility and traditional hedging strategies, with traditional hedges (options, inverse funds) performing poorly. The US Treasury 12 Month Bill ETF offers a high duration and a better hedge compared to buying a 1-year T-Bill outright.
The US Treasury 12 Month Bill ETF allows investors to access T-Bills without opening an account with the Treasury. The OBIL ETF provides consistent income with low volatility through its focus on the on-the-run 12-month T-Bill. The fund offers stable returns, high liquidity, and zero credit risk, but is susceptible to interest rate risk and lacks diversification.
GBIL: Balancing Income And Principal Protection
Treasury bills are considered a decent cash parking vehicle by investors due to their short term to maturity and backing by the US government. The US Treasury 12 Month Bill ETF aims to track the performance of the ICE BofA US 12-Month Treasury Bill Index. We examine this fund and tell you why we like it.
Recession is almost certainly coming, likely within 1 to 2 months. Stocks are likely to fall 15% to 30%, and possibly as much as 45% if the United States defaults on its debt in 3 to 4 weeks.
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