Treasury Bills At 5% Yield: Retail Investors Jump On The Risk-Free Bandwagon
Treasury Bills At 5% Yield: Retail Investors Jump On The Risk-Free Bandwagon
Treasury bills, those often-overlooked short-term securities, are back with a bang. Treasury yields are surpassing the 5% mark for maturities spanning from one month to two years. This resurgence is enticing investors to shift their funds from stagnant bank accounts and into the world of cash-like securities.
国库券，那些经常被忽视的短期证券，大放异彩。从一个月到两年的期限，美国国债收益率已超过5％大关。这种复苏正在吸引投资者将资金从停滞的银行账户转移到类似现金的证券领域。
Once dismissed by retail investors in favor of higher-risk ventures, T-bills are enjoying their renaissance.
国库券曾经被散户投资者拒之门外，转而选择风险较高的企业，现在正处于复兴期。
The catalyst? The Federal Reserve's decision to increase rates. The campaign brought about more than 550 basis points of rate hikes in just the past year and a half.
催化剂？美联储加息的决定。在过去的一年半中，该活动带来了超过550个基点的加息。
This shift has rekindled the allure of T-bills. They provide a refuge for those who seek attractive returns without delving into the turbulent waters of more volatile assets.
这种转变重新点燃了国库券的吸引力。它们为那些寻求可观回报的人提供了避难所，而无需深入研究波动性更大的资产的动荡水域。
Chart: Yields Are Exceeding 5% For Treasury Securities With Maturities Up To 2 Years
图表： 期限不超过2年的国库券的收益率超过5％
Retail Investors Flock To T-Bills As Cash Becomes King Again
随着现金再次成为王道，散户投资者涌向国库券
Cash-like instruments had been considered an attractive investment option before the 2008 financial crisis, which prompted the Fed to reduce interest rates and keep them at zero for nearly a decade.
在2008年金融危机之前，类似现金的工具一直被认为是一种有吸引力的投资选择，这促使美联储降低利率并在近十年内将利率维持在零。
Fast-forward to today, T-Bills are once again emerging as the stars of the financial stage. Their robust yields are attracting even the most risk-averse investors.
快进到今天，国库券再次成为金融舞台的明星。他们强劲的收益率甚至吸引了最规避风险的投资者。
As the Federal Reserve continues its rate hikes, risk-free assets like T-bills become increasingly appealing, particularly in contrast to the meager returns provided by traditional bank accounts.
随着美联储继续加息，国库券等无风险资产变得越来越有吸引力，尤其是与传统银行账户提供的微薄回报形成鲜明对比。
The resurgence of T-bills is unmistakably evident in the market, with investors snapping up over $1 trillion in new notes within just three months, according to Bloomberg. Government auctions have witnessed record demand, as noncompetitive bidders, typically smaller investors, have embraced the prospect of secure yields without the risks of competitive bidding.
据彭博社报道，国库券的复苏在市场上显而易见，投资者在短短三个月内就抢购了超过1万亿美元的新票据。政府拍卖的需求创历史新高，因为非竞争性竞标者，通常是规模较小的投资者，已经接受了在没有竞争性竞标风险的情况下获得稳定的收益的前景。
With T-bills crossing the 5% threshold, retail investors have dusted off their TreasuryDirect accounts, opting for short-dated securities over stagnant bank accounts with minimal interest earnings.
随着国库券突破5％的门槛，散户投资者已经取消了TreasuryDirect账户，他们选择了短期证券，而不是利息收入微乎其微的停滞银行账户。
Notable bond ETFs investing in Treasury bills are iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV), Goldman Sachs Access Treasury 0-1 Year ETF (NYSE:GBIL) and SPDR Bloomberg 3-12 Month T-Bill ETF (NYSE:BILS).
投资国库券的值得注意的债券交易所买卖基金有 iShares 0-3 个月期国债ETF （纽约证券交易所代码：SGOV）， 高盛进入财政部 0-1 年期ETF （纽约证券交易所代码：GBIL）和 SPDR 彭博 3-12 个月国库券ETF （纽约证券交易所代码：BILS）。
Read more: Investors Bet $7B On Ultra-Short Term Bond ETFs, Chase 5% Returns Amid Market Volatility
阅读更多：投资者押注70亿美元购买超短期债券交易所买卖基金，在市场波动中大通5％的回报
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审查和发布。
Photo: Shutterstock
照片：Shutterstock