On a personal note, this is good news for me. Almost all of my investment is in cash in a T. Rowe Price money market account. The higher the Fed rate, the more monthly interest TRP adds to my account.
T Rowe charges .32% in fees. SGOV charges .09% in fees as an ETF. SGOV invests in treasuries and currently has a 4.03% return.
I am half securities a quarter cash and a quarter bonds. Hopefully there won’t be general pain across the board.