iShares 0-3 Month Treasury Bond ETF

SGOV

Market cap $90.9B

@CharlesSchwab's Collin Martin breaks down the state of treasury yields and the U.S.-Iran War's impact on them. He says for the most part, stagflation doesn't appear to a huge issue for the economy even though all eyes are on the inflationary front given the rising cost of oil and gas.

A carousel of leaders has taken its toll, driving up borrowing costs and dragging down investment.

For decades, the playbook for high-income investors was almost reflexive: put municipal bonds in your taxable account, put Treasuries and corporates in your IRA.

SGOV: It's Time To Raise Cash

CPI Inflation recently accelerated to a three-year high due to elevated energy prices tied to the U.S-Iran conflict. Treasury bond yields have risen sharply due to expectations that the Federal Reserve will pivot to interest rate hikes.

Kevin Warsh was sworn in as Federal Reserve Chairman this week, and the most striking thing about his arrival is how little Wall Street seems to care.

President Donald Trump's room to wage war while maneuvering on economic policy is being tested by a force largely beyond his control: the bond market.

Market valuations keep going higher. Shiller PE is over 41. After some amount of DOGE cutting costs, we're left with around $1.6 to $1.8 trillion in deficits. The national debt is still under $40 trillion, though, and it doesn't have to include the future value of Social Security benefits due for taxes that were already paid.

The usual advice is to hold only 60% of your assets in stock. If you're wealthy, a 90/10 split is far better.

While investors remain fixated on AI stocks and Bitcoin ETFs, fixed-income funds are quietly emerging as one of the biggest winners of 2026.