Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF

GSIG

Market cap $9.44M

Short-term investment-grade bond strategies, with durations in the two-to-three-year range, are well positioned to capture a meaningful yield advantage without the rate sensitivity that has challenged longer duration strategies in recent months. The yield to worst on a diversified short-term bond portfolio currently sits between 4.5% and 5.0%, more than 100 basis points above what bank savings accounts and government money market funds are currently yielding. Although the path for rates is highly uncertain, the range of outcomes in which short-term bonds outperform cash is considerably wider than the range in which they don't.

The timing of the Fed's potential next move was a hot topic during the VettaFi Fixed Income Symposium last week. Close to 600 live attendees, and many more via replay, heard from some of the smartest people in the fixed income ecosystem.