iShares Core 1-5 Year USD Bond ETF (ISTB)

ISTB: Uncertainty Could Drive Up Credit Spread And Yield Curve

Calming of credit spreads has restored performance despite upward yield curve translations being enduring. We worry about the remote risks to the USD currency status and the cost of capital implications. We also think that things could get ugly with tariffs still, and that credit spreads back to historical lows despite inflation risks from tariffs and limited pricing power is problematic.