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.
國庫券，那些經常被忽視的短期證券，大放異彩。從一個月到兩年的期限，美國國債收益率已超過5％大關。這種復甦正在吸引投資者將資金從停滯的銀行賬戶轉移到類似現金的證券領域。
Once dismissed by retail investors in favor of higher-risk ventures, T-bills are enjoying their renaissance.
國庫券曾經被散戶投資者拒之門外，轉而選擇風險較高的企業，現在正處於復興期。
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.
催化劑？美聯儲加息的決定。在過去的一年半中，該活動帶來了超過550個基點的加息。
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.
這種轉變重新點燃了國庫券的吸引力。它們爲那些尋求可觀回報的人提供了避難所，而無需深入研究波動性更大的資產的動盪水域。
Chart: Yields Are Exceeding 5% For Treasury Securities With Maturities Up To 2 Years
圖表： 期限不超過2年的國庫券的收益率超過5％
Retail Investors Flock To T-Bills As Cash Becomes King Again
隨着現金再次成爲王道，散戶投資者湧向國庫券
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年金融危機之前，類似現金的工具一直被認爲是一種有吸引力的投資選擇，這促使美聯儲降低利率並在近十年內將利率維持在零。
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.
快進到今天，國庫券再次成爲金融舞臺的明星。他們強勁的收益率甚至吸引了最規避風險的投資者。
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.
隨着美聯儲繼續加息，國庫券等無風險資產變得越來越有吸引力，尤其是與傳統銀行賬戶提供的微薄回報形成鮮明對比。
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.
據彭博社報道，國庫券的復甦在市場上顯而易見，投資者在短短三個月內就搶購了超過1萬億美元的新票據。政府拍賣的需求創歷史新高，因爲非競爭性競標者，通常是規模較小的投資者，已經接受了在沒有競爭性競標風險的情況下獲得穩定的收益的前景。
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.
隨着國庫券突破5％的門檻，散戶投資者已經取消了TreasuryDirect賬戶，他們選擇了短期證券，而不是利息收入微乎其微的停滯銀行賬戶。
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).
投資國庫券的值得注意的債券交易所買賣基金有 iShares 0-3 個月期國債ETF （紐約證券交易所代碼：SGOV）， 高盛進入財政部 0-1 年期ETF （紐約證券交易所代碼：GBIL）和 SPDR 彭博 3-12 個月國庫券ETF （紐約證券交易所代碼：BILS）。
Read more: Investors Bet $7B On Ultra-Short Term Bond ETFs, Chase 5% Returns Amid Market Volatility
閱讀更多：投資者押注70億美元購買超短期債券交易所買賣基金，在市場波動中大通5％的回報
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審查和發佈。
Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。