Opposition to a Brexit deal point to trade difficulties, problems in attracting global talent and an increased cost of living as reasons to not back the proposition of Britain divorcing itself from the EU. A continuous point of contention in getting a Brexit deal done is the Irish backstop–an arrangement to ensure that Brexit, whether a deal is struck or otherwise, would not result in a hard border between Northern Ireland and the Republic of Ireland.

Short-Term Bond Sees Inflows

As investors digest the latest geopolitical musings, a continued flight to government debt has been in vogue as the risk-off sentiment permeates the minds of investors. However, one such corporate bond ETF of the short duration variety has been seeing inflows–SPDR Portfolio Short Term Corp Bond ETF (NYSEArca: SPSB).

SPSB seeks investment results that correlate with the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index, which is designed to measure the performance of the short term U.S. corporate bond market. SPSB focuses on investment-grade holdings with short durations to hedge against further short-term rate increases should the Federal Reserve continue with an aggressive rate-hiking policy through 2019.

“Corporate bond names were fairly quiet yesterday but we did see one standout block buyer of SPSB,” said Brian Gilman of ETF Sales & Trading at Virtu Financial.

Related: 3 ETFs to Capture Post-Midterm Election Gain

For more market news, visit ETFTrends.com.