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iShares Short Treasury Bond ETF

110.14

-0.00500.00%

Volume:3.38M

Turnover:371.87M

Market Cap:20.95B

PE:- -

High:110.14

Open:110.14

Low:110.13

Close:110.14

52wk High:110.50

52wk Low:110.02

Shares:190.25M

Float Shares:190.25M

Volume Ratio:1.19

T/O Rate:1.77%

Dividend:4.07

Dividend Rate:3.70%

ROE:--

ROA:--

PB:--

PE(LYR):- -

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Overview Company News Filings

South Korea's Central Bank to Assess Economic Growth and Inflation in Deciding Rate Hike Schedule

BOJ Board Member Signals Potential for Rapid Rate Hikes If Inflation Picks Up

Rate Hike Odds Surpass 60% While Economists Expect No Move — Dollar's Direction Hinges on Two Key Inflation Reports

White House Pressure Intensifies Fed's September Rate Decision Amid Independence Concerns

Japan’s 3% bond yield challenges U.S. Treasuries

Gold, silver prices tumble as hot PPI lifts Fed-hike risk - Kitco AM Report

Fed Could Raise Rate Three Times from December

August Sees Record Inflows Into Gold ETFs as Investors Hedge Against Soaring Sovereign Debt Risks

Foreign Buying of Japanese Government Bonds Continues for Third Week Amid Rising Yields

The ECB Could Tell Markets What Fed's Warsh Won't

A Pea Shooter In A Tank Battle: Bessent Triples Buybacks, 10-Year Yields Still Hit A Three-Year High

Geopolitical Tensions Intensify While US Treasury Buyback Falls Short of Projections, Reports Huatai Futures

Fed Rate Hike Hinges On Two Key Inflation Reports In The Next Two Days

Hong Kong Stock Market Pulse | Gold Mining Stocks Slide Broadly as Treasury Rescue Triggers Renewed Selling, Geopolitical Tensions Fuel Inflation Worries

Fed Rate Hike Hinges on Two Key Inflation Reports in the Next Two Days

Gold Has Priced in the Fed, Says UBS: A September Hike Could Trigger a Modest Dip, But a Pause Would Spark a Bigger Rally

Treasury's $6 Billion Bond Buyback Backfires as Yields Climb Higher

Gold's Pricing Dynamics Shift: UBS Sees Limited Downside If Fed Hikes, Strong Upside If It Holds

A Tiny Shift in the Inflation Rate Could Decide the Fed's Next Move

Japanese Shares Open Lower as Oil Rally Fuels Inflation Worries Ahead of Fed Decision

MT Newswires Live

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They cite persistent supply shocks, including the recent escalation of the Middle East conflict, and the risk they pose to inflation expectations and underlying price stability. ANZ has pencilled in December for the start of the rate tightening cycle, with the three sequential increases to be 25 bps each, the economists say, which should take the fed funds target range to 4.25%-4.50%. Still, a rate increase at the Fed's meeting next week can't be ruled out, depending on August inflation data this week, they say.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["AGG","VCIT","TLTW","US12M.BOND","TLH","US6M.BOND","US3Y.BOND","SHV","VCSH","SHY","XLRI","IEI","PBDC","OOQB","VGLT","BOND","LQD","USHY","US10Y.BOND","JPST","TYO","UBT","BOXX","US7Y.BOND","US5Y.BOND","TBT","TIP","UDN","US2Y.BOND","UUP","MYCN","GBIL","GOVT","LIAJ","DBND","NGHT","SCHO","MUNX","WAMA","SKRE","US30Y.BOND","MINT","RAUS","VGIT","KBE","VGSH","BSV","BIL","TMF","XBIL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1131447833","title":"August Sees Record Inflows Into Gold ETFs as Investors Hedge Against Soaring Sovereign Debt Risks","url":"https://stock-news.laohu8.com/highlight/detail?id=1131447833","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1131447833?lang=en_us&edition=fundamental","pubTime":"2026-09-10 11:41","pubTimestamp":1789011663,"startTime":"0","endTime":"0","summary":"Gold ETFs witnessed their second-largest monthly inflow on record in August, underscoring the metal's powerful appeal as a hedge against unsustainable global sovereign debt growth, even as markets...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SHNY","NUGT","IEF","BK4504","BK4535","TBJL","TFJL","JDST","TLH","SHV","BK4588","MGCmain","BAR","IAGG","GDXU","BWX","UYM","SGOL","PICK","BBLB","GDXY","IAUI","GDXD","SGOV","AFIF","DFGX","HYEM","GCmain","CGNG","FGDL","GLD","EMCB","DULL","FAAR","BTGD","CEF","SHY","DBC","VEN","SGUmain","BK4207","KGLD","USG","YGLD","DUST","GOLY","BGLD","TXXI","518880","BBSB","GLDM","FLGV","XME","IGLD","GDXJ","IAU","GDXW","TLT","OUNZ","NXUS","GLTR","PHYS","BWZ","JNUG","FEMB","TLTW","BBIB","ISHG","DZZ","GDX","GLDY","SGDM","GLL","159934","BEGS","TLTX","GOAU","BK4585","02840","IGVT","159831","IAUM","TSYW","UGL","MULT","TPLS","IGOV","DGZ","JPIB","RING","TLTI","QOmain","GBUG","AAAU","GGOV","IEI","PALL","SGCmain","1OZmain","DGP"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1128770295","title":"Foreign Buying of Japanese Government Bonds Continues for Third Week Amid Rising Yields","url":"https://stock-news.laohu8.com/highlight/detail?id=1128770295","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1128770295?lang=en_us&edition=fundamental","pubTime":"2026-09-10 11:31","pubTimestamp":1789011100,"startTime":"0","endTime":"0","summary":"Foreign investors extended their buying streak in Japanese long-term government bonds to a third consecutive week through September 5, lured by higher domestic yields and the possibility of further...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["TLT","TLTW","EWJ","SGOV","BBSB","BWZ","SHY","IGOV","IEI","TBJL","IEF","BBLB","BK4588","TLTI","BWX","BBIB","FLGV","TFJL","BK4585","TSYW","TLTX","SHV","ISHG","TLH"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2666541875","title":"The ECB Could Tell Markets What Fed's Warsh Won't","url":"https://stock-news.laohu8.com/highlight/detail?id=2666541875","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2666541875?lang=en_us&edition=fundamental","pubTime":"2026-09-10 11:15","pubTimestamp":1789010100,"startTime":"0","endTime":"0","summary":"The European Central Bank's interest-rate decision Thursday could do the talking for U.S. markets that has failed to come from Federal Reserve Chairman Kevin Warsh.The Fed boss has left investors scrabbling for economic clues after spending his first summer in charge signaling he wants the central bank to do less talking, by scrapping forward guidance and favoring shorter policy statements. In that information void, the ECB's move could give a steer on how policymakers will respond to a flare-up in inflation.The ECB is widely expected to raise its key interest rate to 2.5% from 2.25% on Thursday. That would mark the second time Frankfurt has hiked borrowing costs since the war in Iran broke out in late February.The conflict in the Middle East has made life tougher for the central bank because it has driven up oil and natural gas prices.Brent international crude futures topped $100 a barrel for the first time since July on Wednesday, while Dutch TTF natural gas futures are at their high","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SHY","BIL","IMOM","QBIF","XBIL","UDN","BOND","OOQB","US30Y.BOND","BSV","TLH","JPST","XLRI","USHY","US6M.BOND","GOLY","SKRE","US10Y.BOND","TLCI","EDV","FAZ","KBE","TIP","LQD","TXUE","UUP","PBDC","NEMD","SHV","WAMA","BGH","IEI","US2Y.BOND","US3Y.BOND","UBT","US12M.BOND","ZROZ","TLTW","MUNX","NGHT","TBT","VNIE","BND","HYG","LIAJ","TMF","VCSH","RAUS","VGSH","GOVT"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1169999427","title":"A Pea Shooter In A Tank Battle: Bessent Triples Buybacks, 10-Year Yields Still Hit A Three-Year High","url":"https://stock-news.laohu8.com/highlight/detail?id=1169999427","media":"Macro World","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1169999427?lang=en_us&edition=fundamental","pubTime":"2026-09-10 10:56","pubTimestamp":1789008964,"startTime":"0","endTime":"0","summary":"","market":"us","thumbnail":"https://static.tigerbbs.com/b4efe7c3ba4beeb105166dd6232e1892","type":0,"news_type":0,"thumbnails":["https://static.tigerbbs.com/b4efe7c3ba4beeb105166dd6232e1892"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":"TREASURY'S BUYBACK GAMBLE BACKFIRES","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["VCIT","UFIV","SGOV","TLT","UTWY","SCHO","XBIL","EDV","TIP","BNDW","USHY","DBND","IEI","VGLT","IEF","TBT","WAMA","HYG","JPST","BSV","UTRE","TMF","VGSH","AGG","BITC","CIVG","MUNX","UBT","NGHT","MINT","SHY","ZROZ","BOXX","TMV","VGIT","SHV","TLH","GOVT","USVN","HMOP","GBIL","GOLY","XTEN","TLTW","LQD","UTHY","BND","MUB"],"isVideo":true,"video":{"duration":70,"video_url":"https://news-video-sg.skytigris.cn/videos/remotion/1137/render_1137_1788994854802.mp4","video_thumbnail":"https://news-video-sg.skytigris.cn/videos/covers/1137.webp","audio_url":"https://news-video-sg.skytigris.cn/videos/remotion/1137/tts/voiceover_77b6e858cd3a63c9.mp3","isAI":true},"gpt_icon":0},{"id":"1125018686","title":"Geopolitical Tensions Intensify While US Treasury Buyback Falls Short of Projections, Reports Huatai Futures","url":"https://stock-news.laohu8.com/highlight/detail?id=1125018686","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1125018686?lang=en_us&edition=fundamental","pubTime":"2026-09-10 10:25","pubTimestamp":1789007147,"startTime":"0","endTime":"0","summary":"In the geopolitical arena, the cycle of strikes between the US and Iran has escalated further. 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Just how bad does it have to get for the Fed to act?","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SPY","UPRO","UUP","SPXS","TLTW","US12M.BOND","JPST","MMAX","HIBL","YSPY","VGLT","UDN","US10Y.BOND","DOG","US30Y.BOND","MINT","US2Y.BOND","KBE","DIA","IVV","VCIT","DBND","US6M.BOND","US7Y.BOND","GBIL","TMF","SMAX","PBDC","SPXL","SPYH","US5Y.BOND","SPYM","SH","MUB","SSO","VGSH","USHY","DXD","DMAX",".IXIC","TIP","NGHT","UDOW","SPXU","SDS","SPYU","US3Y.BOND","SPUU","BSV","AGG","BIL","BOXX","SHV","VOO","BOND","SDOW","SPYQ","FAZ","TLH","IEI","GOVT","ZROZ","TBIL","BND","SPDN","UBT","LQD",".DJI","SHY",".SPX","GOLY","SCHO","DDM","TBT","VCSH","TYO","VGIT","EDV","HYG","SKRE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1169178332","title":"Gold Has Priced in the Fed, Says UBS: A September Hike Could Trigger a Modest Dip, But a Pause Would Spark a Bigger Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1169178332","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1169178332?lang=en_us&edition=fundamental","pubTime":"2026-09-10 09:26","pubTimestamp":1789003571,"startTime":"0","endTime":"0","summary":"The gold market is quietly shifting how it prices Federal Reserve policy. A fresh UBS research report suggests bullion's sensitivity to the next Fed move has diminished notably, with investors...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ZROZ","VGSH","VFH","OEF","UBmain","UGLD","BBSB","BAR","VCIT","GLDY","GOVT","AAAU","EBUF","GLL","TSYW","HK0000934320.USD","DGP","LQDU","SHNY","BIL","SPUU","GDE","SPXU","FGDL","NELS","SGOL","JDST","PYZ","RAUS","FLGV","USHY","GDXJ","SSO","XLRI","YGLD","GOAU","JPST","SPYB","US6M.BOND","NGHT","BGLD","SHV","US2Y.BOND","US5Y.BOND","GBUG",".SPX","BK4550","GLDM","VEXC","BBLB","EPU","WAMA","TBT","SPXL","FGLD","DMAX","XLBI","MUB","USG","TLT","KBWB","HMOP","DGZ","SGDM","CIVG","US12M.BOND","TIP","US3Y.BOND","BSV","EDV","IGOV","BWZ","GDXW","DUST","DBC","SGOV","UUP","SDS","IAT","PHYS","VGLT","BK4561","SPYM","GBIL","GLTR","PBDC","SMAX","TLH","DBND","ZBmain","SCHO","EMPB","BK4534","US7Y.BOND","SPXS","LIAJ","BK4504","ISHG","GDX","MINT","GDXD","OUNZ","RING","BTGD","BK4559","OOQB","PALL","VCSH","BBIB","SH","GLD","BK4581","UGL","SHY","HYG","TBIL","UDN","MYCN","GOLY","MMAX","CEF","IGLD","ZTmain","IVV","LQDD","TBJL","UBT","US30Y.BOND","VGIT","VGFPF","HYGD","OEX","TMF","XLF","HIBL","JNUG","DZZ","KBE","UPRO","SPYU","IAUI","BND","KRX","FEM","TNmain","DPST","XBIL","CMDT","BK4207","IAU","02840","BOND","SPYH","IEI","FAZ","MGCmain","BK4535","UYM","BEGS","NEMD","BOXX","MUNX","IAUM","SKRE","GDXU","LQD","SPDN","SPYI","TLTW","TLTI","TLTX","BWX","SPY","DULL","NUGT","BK4588","IEF","JULD","KRE","MESmain","TFJL","SPYQ","ESmain","KGLD","GDXY","SGDJ","VOO","ZFmain","AGG","BK4585","US10Y.BOND","NANR","CERY","HYGU","TYO","YSPY"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1151717411","title":"Treasury's $6 Billion Bond Buyback Backfires as Yields Climb Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1151717411","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1151717411?lang=en_us&edition=fundamental","pubTime":"2026-09-10 09:16","pubTimestamp":1789002982,"startTime":"0","endTime":"0","summary":"The US Treasury announced Wednesday it would purchase up to $6 billion in long-dated government bonds during Thursday's buyback operation—three times the normal size—while pledging that future...","market":"fut","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["ZROZ","XBIL","TLTI","JPST","BFJL","MAXI","TLT","TSYW","HMOP","UBT","TMF","BITB","UTWY","IBIT","BK4585","FLGV","SGOV","BBIB","CBTJ","QBF","BNDW","ARKB","GBTC","MTNmain","IGOV","BND","LQDU","MINT","ZTmain","GOLY","BWZ","BTCO","CBXJ","BTRN","LQDD","LIAJ","BK4504","BETE","BAGY","BTCW","BWX","HODL","UBmain","TBIL","UFIV","CBOY","MYCN","BTCZ","SHV","YBTC","BK4550","EDV","VGIT","BTCI","CBXA","BITX","BTCC","BCCC","HYGD","BIL","BITO","PRTO","TYO","VCSH","BRRR","VGLT","AGG","BBSB","BK4535","IEF","HYG","GOVT","GBIL","XBTY","BPI","BITC","SBIT","TBT","LQD","ISHG","BITU","ZBmain","BFAP","BK4561","CBTA","TNmain","VCIT","EZBC","FBTC","BETH","VGSH","MUB","BOND","HYGU","DFII","BITY","TLTX","CBOO","BBLB","TLTW","CBXO","MUNX","DBND","DEFI","BTF","BITI","CIVG","CBXY","BK4581","CBTO","USVN","MNRS","BTC","UTRE","SHY","NGHT","CBTY","ZNmain","MWNmain","IEI","CBOA","BOXX","BTCL","TBJL","TIP","BSV","SCHO","ZFmain","TLH","UTHY","TFJL","USHY","WAMA","BK4588","CBOJ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1122441812","title":"Gold's Pricing Dynamics Shift: UBS Sees Limited Downside If Fed Hikes, Strong Upside If It Holds","url":"https://stock-news.laohu8.com/highlight/detail?id=1122441812","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1122441812?lang=en_us&edition=fundamental","pubTime":"2026-09-10 09:15","pubTimestamp":1789002936,"startTime":"0","endTime":"0","summary":"The gold market is undergoing a notable transformation in how it prices Federal Reserve policy. A fresh UBS research report indicates that gold's sensitivity to the Fed's next move has diminished...","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["GDXY","GDXU","KBWB","NEMD","TSYW","TMF","GLD","BOND","JNUG","SPYB","IVV","NELS","BGLD","HYGU","TLH","IGOV","LQDD","BK4559","PALL","PYZ","OEX","MMAX","XLBI","OEF","XBIL","SDS","UBmain","SHNY","US7Y.BOND","BK4561","KGLD","LQD","VGSH","SPYH","FGLD","US12M.BOND","US2Y.BOND","UDN","DPST","VCSH","VCIT","SGDM","CEF","IEI","SPXL","KRX","CERY","GOVT","DGP","IGLD","DGZ","UPRO","GDE","GOAU","MINT","SPXS","LIAJ","BK4550","CMDT","MUNX","LQDU","GDXD","BSV","BWX","ISHG","SGOV","MGCmain","NGHT","RAUS","TLTX","EBUF","BK4534","FLGV","SPUU","BK4588","TIP","BIL","EPU","DBND","BBSB","VGLT","EDV","SGDJ","GDXJ","ZFmain","IAUM","ESmain","JULD","ZBmain","BBLB","SPDN","BK4585","VEXC","GBIL","DBC","BK4207","SHY","VGIT","IAU","MYCN","TYO","FGDL","SPXU","02840","SH","FAZ","HIBL","JPST","GLDY","BK4535","SPYM","TLTW","USHY","HYGD","GLDM","PBDC","SPYI","HK0000934320.USD","TLT","NUGT","HMOP","DUST","UYM","US10Y.BOND","YSPY","SGOL","UUP","US5Y.BOND","GOLY","BEGS","TBJL","ZROZ","AGG","SMAX","VGFPF","FEM","US6M.BOND","OOQB","BK4504","SHV","AAAU","US30Y.BOND","BTGD","EMPB","GLL","NANR","CIVG","MUB","RING","GDXW","GLTR","TFJL","KBE","TLTI","XLRI","UGL","IEF","PHYS","KRE","VFH","IAT","ZTmain","HYG","DMAX","BK4581","MESmain","GBUG","JDST","SPYQ","USG","TBT","BOXX","WAMA","UBT","DZZ","US3Y.BOND","SCHO","IAUI","SPY","BBIB","BWZ","DULL","BND","YGLD","SPYU","UGLD","XLF","SKRE",".SPX","OUNZ","VOO","TNmain","BAR","GDX","SSO","TBIL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2666556277","title":"A Tiny Shift in the Inflation Rate Could Decide the Fed's Next Move","url":"https://stock-news.laohu8.com/highlight/detail?id=2666556277","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2666556277?lang=en_us&edition=fundamental","pubTime":"2026-09-10 09:00","pubTimestamp":1789002000,"startTime":"0","endTime":"0","summary":"\" Waller said last week. \"You want to take a chance to see if disinflation continues, but I'm not taking a big chance on it.\"Officials who favor an increase say the risks ahead matter more than the last two or three readings. A war that has kept energy prices elevated for six months, new tariffs and an AI build-out straining supply will keep pressure on prices, they argue, whatever August shows.The decision is easier at either extreme. A soft number on Friday would validate Fed staff projections that monthly inflation readings should decelerate to levels consistent with 2% inflation now that tariff effects have worked through the system. 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