US Treasury 3 Month Bill ETF Price & Performance (TBIL)

The yield on the 10-year Treasury ended March 21, 2025, at 4.25%, marking a significant decline in recent weeks. With the 2-year note at 3.94%, the yield curve remains inverted, a potential indicator of an impending recession. Historically, such inversions have preceded economic downturns, raising investor caution.12

F/m Investments' Treasury ETF, TBIL, has surpassed $5 billion in assets under management, solidifying its position as a leading short-duration Treasury fund. Launched in 2022, this milestone reflects growing investor demand for cash-like alternatives amid market uncertainty. The firm has also introduced an inflation-protected ETF, RBIL.34

Investor sentiment has turned cautious as indicators like the Fear & Greed Index and VIX suggest heightened market volatility. Defensive ETFs, including those focused on Treasuries, are drawing significant inflows. These funds offer stability as concerns about inflation, growth, and geopolitical risks weigh on the broader market.56