The State Street SPDR Bloomberg 1-3 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index (the "Index")Seeks to provide exposure to publicly issued U.S. Treasury Bills that have a remaining maturities between 1 and 3 monthsShort duration fixed income is less exposed to fluctuations in interest rates than longer duration securitiesRebalanced on the last business day of the month
State Street SPDR Bloomberg 1-3 Month T-Bill ETF · Issued by SPDR

The Federal Reserve's policy outlook just underwent one of its most dramatic reversals in recent years. Bond yields are rising at an alarming rate in response, and the sudden acceleration has sent shockwaves throughout global markets.
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We see a few factors to diminish iShares Core S&P Small-Cap ETF's (IJR) alpha potential relative to the SPDR S&P 500 ETF Trust (SPY). IJR's valuation gap relative to SPY has largely disappeared in the past few months due to price changes and EPS updates. The updated rate outlook also points to far higher odds of rate hikes in the near future.

Hotter-than-expected April inflation report puts major ETFs in focus. Investors reassess Fed expectations and outlook for US economy.