Fixed Income ETF Assets Hit Record $2T

Fixed Income ETF Assets Hit Record $2T

What do fixed income ETFs have in common with the Department of Government Efficiency? The answer, given away by the headline above, is $2 trillion. Not only is that the amount the Elon Musk-convened group (hoped to) cut from the federal budget, but it’s also the size of the US fixed income exchange-traded fund market. On a fun note, 2 trillion is also the most recent estimate of the number of galaxies in the observable universe. The US fixed in…