BondBloxx Bloomberg One Year Target Duration US Treasury ETF

XONE

Market cap $754M

DETROIT--(BUSINESS WIRE)--ExOne announced a series of customer-focused updates, including the start of U.S. manufacturing of its Spectra Mono-Z printhead in the Detroit area.

GERSTHOFEN, Germany & WASHINGTON--(BUSINESS WIRE)--ExOne Global Holdings announced its Board of Directors, bringing together industrial technology operators, investors, & additive manufacturing leaders.

XONE is losing its income edge as macro conditions shift toward favoring longer-duration Treasuries. Intermediate-duration Treasury ETFs now offer better risk-adjusted returns, with XONE's short duration missing out on potential price appreciation. Labor market weakness and modest inflation expectations are fueling bets on faster Fed rate cuts, making short-duration funds like XONE less attractive.

XONE offers low-cost, short-duration Treasury exposure, making it attractive for those seeking limited duration risk, though there are much more inured bets. Weakening US labor data and rising unemployment amid decreased labour participation increase the likelihood of Fed rate cuts, supporting a positive outlook for XONE. Despite persistent inflation, disinflationary trends and cautious Fed signals suggest a shift toward lower rates is plausible.

WASHINGTON--(BUSINESS WIRE)--US Court approved Anzu Partners affiliate acquired ExOne, leader in digital sand casting, providing financing and stability for operations.

Joanna Gallegos, Bondbloxx ETFs co-founder, and Todd Sohn, Strategas Securities technical strategist, join CNBC's Dom Chu on “ETF Edge” to discuss the recent volatility in bonds funds, the moves in rates, where ETF inflows are headed and opportunities in the market.

Despite the pause in Trump's trade war, ongoing uncertainties about recession risks remain. The Fed is currently expected to cut rates by 50 basis points in 2024, with further cuts possible if recession risks increase. Trade war developments remain a key risk, as lingering tariffs could pressure economic growth, inflation, and employment, influencing Fed policy and bond yields.

Fixed income firm BondBloxx celebrated a new milestone recently, crossing $4 billion in ETF AUM. The firm offers more than 20 fixed income ETFs for investors, led by its largest fund, the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF).

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%.

The BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) offers a focused approach, targeting 1-year duration U.S. Treasury securities. BondBloxx's prescriptive ETF offerings allow retail investors to build complex trades, like constructing a yield curve with specific duration nodes. XONE is part of BondBloxx's treasury vertical, providing a strategic option for investors in today's market environment.