iShares 1-3 Year Treasury Bond ETF

Parking money in the safest, shortest corner of the bond market is essentially SHY's whole job. The fund holds U.S. Treasury notes maturing in one to three years, tracking an ICE index of that segment, which keeps its price steady and its interest-rate sensitivity low. BlackRock has run it since 2002. Because the bonds are short and government-backed, SHY behaves almost like cash: it throws off a modest yield tied to short-term rates and barely moves in price, making it a common hiding place when investors want safety or are waiting to deploy capital. It will not keep pace with inflation or long bonds when rates fall, and that is the point - it trades yield for stability. Treasurers, cautious investors and traders use it as a liquid, low-risk anchor at the front end of the yield curve.

On MyRWA, SHY trades tokenized across 2 on-chain venues - see the listings below.