I wish to park funds into BIL to capture the short term rates. I see this is listed on IG also (SPDR Bloomberg 1-3 Month T-Bil) but it confuses me that you can also short it. Why would you short BIL?
Am I correct in my assumption that going long on this (SPDR Bloomberg 1-3 Month T-Bil) on IG is the equivalent of buying BIL etf?