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SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), Invesco DB US Dollar Index Bullish Fund (UUP), iShares Treasury Floating Rate Bond ETF (TFLO), iMGP DBi Managed Futures Strategy ETF (DBMF) and Invesco VRDO Tax-Free ETF (PVI) have been the leaders amid the market turmoil.
Yields are at their multi-year highs as the Fed is widely anticipated to raise the key interest rate by three-quarter points for the third consecutive time to fight elevated inflation when the meeting ends today.