Big financial institutions don’t feel the need to offer competitive rates on certificates of deposit, which are universally below the world’s safest asset: Treasury bills.
Stephen Laipply, the US head of fixed-income ETFs at BlackRock, explains why ETFs focused on safe and simple Treasuries have attracted funds this year after the bond market's worst year on record in 2022.
The safest investment in the world is paying more than anytime since 2007. But you’re still going to lose money unless there’s a historic slowdown in inflation.