Does anyone understand why SHY dropped so dramatically? Thanks in advance.
it is being sold and shorted on spin that the Fed will need to raise interest rates to slow down this "better than expected" "recovery!" (at the same time BIL is showing no sign of life). a good buy for the next finance blow up.
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.
I am wondering the same thing. It is down 0.57% which is a big swing for this short-term bond fund. The long end of the yield curve continues being hit as the yields rise, but why the short end now also? Are folks running to equities?