Treasury's Debt Ceiling Acrobatics Can Now End After Bill Sails Through The Senate
Portfolio Pulse from Bhavik Nair
The US Senate has passed a bill to raise the debt ceiling, providing relief to the Treasury Department, which had been adopting daily maneuvers due to dwindling cash reserves. The iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury Index Fund ETF (VGSH) have seen slight gains in the last five days.
June 02, 2023 | 3:55 am
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POSITIVE IMPACT
The iShares 1-3 Year Treasury Bond ETF (SHY) gained 0.05% in the last five days following the passage of the debt ceiling bill in the Senate.
The passage of the debt ceiling bill in the Senate has provided relief to the Treasury Department, which had been adopting daily maneuvers due to dwindling cash reserves. This has likely contributed to the slight gain in SHY's value over the last five days.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
The Vanguard Short-Term Treasury Index Fund ETF (VGSH) rose 0.09% in the last five days following the passage of the debt ceiling bill in the Senate.
The passage of the debt ceiling bill in the Senate has provided relief to the Treasury Department, which had been adopting daily maneuvers due to dwindling cash reserves. This has likely contributed to the slight gain in VGSH's value over the last five days.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80