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PIMCO has come in with a short term treasury fund with 0.09% fee vs. SHY at .015%. People may be migrating to it. However see: http://finance.yahoo.com/news/Do-We-Really-Need-More-etfsa-15434905.html?.v=2
Oh good, they save me a tiny bit and it only cost me several years of that savings in one day.They can go screw themselves, there was no need for another fund doing the same thing as this one already does.I'm going to remember PIMCO for this.
There is another reason:"Notably, the yield on the two-year note saw its largest single-day move since September, jumping by 35.4 basis points to 1.31 percent." Yield jump drove price down.Source: http://news.ino.com/headlines/?newsid=60520090853