Treasury bond ETF question


Currently SHY ETF (iShares 1-3y treasury bond ETF) has a dividend yield of 1.64%. However, 2 year treasury yield is 4.86% atm.

What's the difference between them? If I understood correctly, treasury bond ETF is made of treasury bonds, so the dividend yield should be similar to the treasury yield..

Sorry if it is a stupid question. Have a nice day.


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