For investors looking for momentum, iShares 10-20 Year Treasury Bond ETF (HM:TLH) is probably a suitable pick. The fund just hit a 52-week high — up roughly 18.1% from its 52-week low of $131.85/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
TLH in Focus
The fund provides exposure to longer-term U.S. Treasury bonds and tracks the ICE (NYSE:ICE) U.S. Treasury 10-20 Year Bond Index. It charges 15 bps in fees and has an AUM of $1.05 billion (see all Government Bond ETFs here).
Why the Move?
The 30-year Treasury yield slipped to a record low level on Feb 21. The declining yields were a result of investors’ flight for safety to bonds, as concerns over slowing global economic growth due to the coronavirus outbreak started escalating. The rapidly-aggravating concerns are making high-yielding fixed-income investments attractive.
More Gains Ahead?
The fund has a Zacks Rank #2 (Buy). It seems like the fund will remain strong with a positive weighted alpha of 17.50, which gives cues of further rally.
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iShares 10-20 Year Treasury Bond ETF (TLH): ETF Research Reports
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Zacks Investment Research