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State Street SPDR Portfolio Short Term Treasury ETF

SPTS

Market cap $7.31B

28.69 USD

-0.04

0.14%

At close Updated Sep 18, 4:00 PM EDT

1 day

-0.14%

5 days

-0.14%

1 month

-0.93%

3 months

-0.97%

6 months

-1.58%

Year to date

-1.98%

1 year

-2.12%

5 years

-6.43%

10 years

-5.81%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 33.3%

Neutral 33.3%

Negative 33.3%

Zacks Investment Research

Short-Term Bond ETFs to Gain as Fed Hikes Interest Rates

ETFs like SHY could benefit as the Fed hikes rates, with short-term debt offering rising yields and limited duration risk.

Short-Term Bond ETFs to Gain as Fed Hikes Interest Rates

Bond Vigilantes Smell Blood In The Water

Treasury Secretary Bessent insists on challenging the bond vigilantes, and neither side is backing down. The underlying trends are pointing toward volatility ahead and potentially much more.

Bond Vigilantes Smell Blood In The Water

Market Brief: The Quarter's Most Pivotal 48 Hours

On Wednesday, July 29, the FOMC rate decision will be followed by Microsoft and Meta earnings after the close. Thursday begins with the advance estimate of Q2 GDP and the June PCE inflation report before Apple and Amazon report after the bell. CME FedWatch currently implies a 62–65% probability that the Fed holds rates in July, with the remaining probability assigned to a hike.

Market Brief: The Quarter's Most Pivotal 48 Hours

SPTS: Duration Again An Unforced Portfolio Error Given Expectations Risks

The State Street SPDR Portfolio Short Trm Treasury ETF is quite short duration but still has an enhancing factor on changes in YTMs in a key horizon that the Fed decisions heavily affect as it concerns Treasury prices. Expectations are climbing, and particularly higher utility, gas, and even shelter prices rising at more than the 3% upper band each will risk entrenching that new normal. The Fed will have to battle that ferociously, irrespective of who holds the Chair, now Warsh, who was chosen by Trump.

SPTS: Duration Again An Unforced Portfolio Error Given Expectations Risks

SPTS: January Job Cuts, Limited CPI Gives Space For Growth Mandate Focus And Cuts

State Street SPDR Portfolio Short Term Treasury ETF is attractive given its 1.85-year duration amid easier focus on the growth mandate permitted by lower inflation. SPTS benefits from exposure to short-term rate decisions, avoiding risks tied to long-term USD reserve status and structural uncertainties. With a competitive 0.03% expense ratio, SPTS offers appealing risk-reward versus longer-duration Treasury ETFs.

SPTS: January Job Cuts, Limited CPI Gives Space For Growth Mandate Focus And Cuts

SPTS: Short Duration Has Lost Its Edge

The SPDR Portfolio Short Term Treasury ETF is now less attractive as rate cuts are expected to accelerate, reducing its income potential. SPTS's short-duration focus benefited from sticky inflation, but a softening labor market now favors a shift to intermediate-term Treasuries. Given the evolving macro environment, investors may want to favor intermediate-term Treasury ETFs over SPTS for improved yield and risk management.

SPTS: Short Duration Has Lost Its Edge

SPTS: Fed Cut Forecasts Fall But Still Largely Expected

SPTS offers a Treasury portfolio with moderate duration but still has some duration to be sensitive to changes in the forecast Fed rate cut path. Inflation remains above target, with producer prices rising, signaling more inflation is loaded in the chamber. Though a softening labor environment could prevent that inflation from passing on. Yield curve suggests rate cuts are expected within a year, and the FOMC dissent is there, with the growth mandate clearly more on their minds now than before.

SPTS: Fed Cut Forecasts Fall But Still Largely Expected

SPTS: No Unnecessary Low-Yield And Low-Upside USD Bets

SPDR Portfolio Short Term Treasury ETF offers quite low duration risk and ultra-low fees. Concerns about the USD's reserve currency status, US credit rating downgrades, and foreign selling pressure make Treasuries less attractive amid internal and international political uncertainty. While SPTS is preferable to iShares alternatives for this duration, any unnecessary investment in USD Treasuries is unwise, where there is also little benefit in duration speculation and baseline yield.

SPTS: No Unnecessary Low-Yield And Low-Upside USD Bets

CNBC Television

Tactical ETFs: How they work and why they matter in a volatile market

Troy Donohue, BTIG head of Americas portfolio trading, and Katie Stockton, Fairlead Strategies founder, sit down with CNBC's Bob Pisani to discuss how the world of tactical ETFs is growing, the different strategies firms are using, and how diversification is making a comeback on 'ETF Edge'.

Tactical ETFs: How they work and why they matter in a volatile market

SPTS: Inflation Is Still Sticky

SPTS offers exposure to short-term Treasuries that still offer high income, but without the high-interest rate risk that 10-year or 20-year Treasuries represent. The latest CPI report for January is yet another indication that inflation will take time to come down to the Fed's target. With a tight labor market and a strong consumer appetite potentially contributing to sticky inflation, the front end of the curve seems to be offering the most attractive risk/reward ratio.

SPTS: Inflation Is Still Sticky

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