VTG: A Low Cost But Smaller ETF, Facing Anti-Duration Macro Developments Vanguard Total Treasury ET...

VTG: A Low Cost But Smaller ETF, Facing Anti-Duration Macro Developments Vanguard Total Treasury ETF (VTG) offers intermediate Treasury exposure with a 5-6 year duration and a low 0.03% expense ratio. VTG avoids credit risk but remains highly sensitive to interest rate movements, with a 1% yield move translating to a 5.8% price shift by duration's principle. Mixed jobs data and subdued wage growth slightly ease inflation persistence fears, but consumer inflation expectations and cost-push factors remain elevated.