Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Popular long-dated bond ETF suffers worst weekly loss ever

Published 11/11/2016, 04:39 PM
Updated 11/11/2016, 04:39 PM
Popular long-dated bond ETF suffers worst weekly loss ever
  • The bond market was closed today for Veteran's Day, but the iShares 20+ Year Treasury Bond ETF (NYSEARCA:TLT) was open for business and it fell another 0.6%, bringing its loss this week to 7.4% - the largest weekly decline since inception in 2002. Its leveraged inverse cousin, the ProShares UltraShort Lehman 20+ Year ETF (NYSEARCA:TBT) gained more than 14% for the week.
  • The yield on the 10-year Treasury had its biggest surge in three years, closing the week at 2.15%.
  • In no surprise, the flow out of fixed income came as the S&P 500 posted its best week in two years, and the Dow its best week in five years.
  • The sharp rise in yields - not just in the U.S., but globally - could snuff out global reflation, warns Goldman, which sees 2.50% as a level the U.S. economy can handle without threatening growth.
  • Related ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, DLBS, TLO, VUSTX, DLBL, TYBS

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.