In 2022, the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares Short Treasury Bond ETF (SHV) pulled in $13 billion and $7.3 billion, respectively, making them among the most popular fixed income ETFs. Ahead of next week’s Federal Reserve meeting, many advisors expect to take on additional interest rate risk in the first half of 2023. In January, Federal Reserve Governor Christopher Waller said he favored a quarter point interest rate increase at the next meeting as he waits for more evidence that inflation is heading in the right direction.