UTWO icon

US Treasury 2 Year Note ETF

48.10 USD
+0.02
0.04%
At close Dec 20, 4:00 PM EST
1 day
0.04%
5 days
-0.06%
1 month
-0.04%
3 months
-1.43%
6 months
0.38%
Year to date
-0.37%
1 year
-0.64%
5 years
-3.47%
10 years
-3.47%
0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 9

16% more funds holding

Funds holding: 55 [Q2] → 64 (+9) [Q3]

7% more capital invested

Capital invested by funds: $185M [Q2] → $197M (+$12.4M) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

4.36% less ownership

Funds ownership: 46.59% [Q2] → 42.23% (-4.36%) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for UTWO.

Financial journalist opinion

Positive
Seeking Alpha
2 weeks ago
UTWO: Straightforward 2-Year Access
The US Treasury 2 Year Note ETF offers easy access to 2-year government bonds, yielding 4.2% with monthly payouts. UTWO's single-bond focus minimizes credit risk and ensures pure exposure to the 2-year US Treasury yield curve. The fund's 0.15% expense ratio is competitive, but concentration risk and potential impact on returns during low-yield periods are considerations.
UTWO: Straightforward 2-Year Access
Positive
Seeking Alpha
1 month ago
UTWO: Buy 2-Year Treasuries As The Fed Eases
UTWO offers exposure to 2-year Treasuries with a 1.9-year duration, rolling monthly, and is highly correlated with Fed Funds, reflecting monetary policy changes. The ETF is expected to yield a 6% total return by end-2025, assuming a soft landing and a 3% long-term neutral rate. UTWO's structure focuses on capital gains and serves as an alternative to SHY, useful for arbitrage trades in the yield curve.
UTWO: Buy 2-Year Treasuries As The Fed Eases
Neutral
Seeking Alpha
3 months ago
Rates Spark: ECB Presser Bear-Flattened The Curve
The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed's first rate cut, the probability of a larger cut rose slightly on Thursday.
Rates Spark: ECB Presser Bear-Flattened The Curve
Positive
Seeking Alpha
5 months ago
UTWO: Best Suited For Conservative Investors
The US Treasury 2 Year Note ETF gives investors exposure to 2-year treasury notes. While both UTWO and TUA should benefit in an adverse economic scenario requiring the Fed to cut interest rates, UTWO's low duration may not be an effective hedge. Instead, I believe the UTWO ETF is best suited for conservative investors who are willing to take on modest duration risk for a potentially higher return compared to treasury bills.
UTWO: Best Suited For Conservative Investors
Positive
Zacks Investment Research
9 months ago
Play Likely Fed Policy Shifts With These New ETFs
After raising it to the level of 5.50%, the Federal Reserve is expected to slash interest rates at some points this year.
Neutral
Seeking Alpha
10 months ago
Should We Trust Economic Data? With Danielle DiMartino Booth
Danielle DiMartino Booth discusses why Jay Powell wants to keep rates high. Should we trust CPI and other economic data coming out?
Should We Trust Economic Data? With Danielle DiMartino Booth
Negative
Seeking Alpha
10 months ago
This Recession Indicator Means UTWO's Run May Be Over
UTWO did what I aimed for when I made it a strong buy last October; it produced an annualized total return of over 8% with extremely low risk. But there are other market areas more worthy of my attention, prompting me to lower UTWO to a hold. The 10-2 yield curve spread is narrowing, and if it un-inverts, the recession chatter will get very loud, very soon.
Positive
Seeking Alpha
1 year ago
UTWO: Self-Unfulfilling Prophecy Of Lower Rates
UTWO is a fixed-income ETF that invests in 2-year Treasury bonds and cash. The market's expectation of rate cuts is undermining the effectiveness of the Federal Reserve's policy and may lead to longer high rates or even higher rates. This structural and reflexive fact has us eschewing fixed income, especially when the jubilance around a loosening job market may have been a mistake to begin with.
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