|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||25.3500 - 25.4100|
|52 Week Range||25.0900 - 26.4900|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.18%|
State Street Corp.'s State Street Global Advisors (SSgA), the third-largest U.S. exchange traded fund issuer, said it is lowering the expense ratios on two of its ETFs. Effective July 31, the SPDR Barclays Issuer Scored Corporate Bond ETF (CBND) will charge 0.06% per year, or $6 on a $10,000 investment, down from its current fee of 0.16%. CBND, which recently turned seven years old, follows the Bloomberg Barclays Issuer Scored Corporate Index.
It has been almost a decade since the onset of the worst financial crisis after the Great Depression, and the US Fed has embarked on a monetary path it has never taken before.
In its efforts to revive the US economy from the Great Recession, the US Fed started purchasing US government-backed securities in 2008.
The Fed, in its efforts to normalize policy, announced that it is starting the balance sheet unwinding program soon.