October kicks off with renewed bond rout, pushing up yields and putting a popular fixed-income ETF on track for its lowest close since 2007.
October is kicking off with a renewed bond-market rout, pushing up yields and putting a popular fixed-income ETF on track for its lowest close since the early days of the 2007-2009 financial crisis.
The iShares 20+ Year Bond ETF TLT, widely known by its “TLT” ticker, dropped 1.7% to $87.13 a share Monday afternoon, on track for its lowest close since Aug. 20, 2007, according to Dow Jones Market Data. The ETF has dropped around 13% so far this year. The ETF had dropped last week to its lowest since 2008, but then saw a respite as Treasurys bounced ahead of the weekend as worries mounted over the possibility of a U.S. government shutdown.
But a stopgap funding bill, approved by lawmakers on Saturday, averted a shutdown, leaving investors to return their focus to expectations the Federal Reserve will keep rates elevated for a lengthy period — and may be forced to further tighten policy — in its effort to bring down inflation.The yield on the 10-year Treasury note BX:TMUBMUSD10Y jumped more than 10 points to trade above 4.67%, after trading at its highest since October 2007.
Similarly, the closely followed iShares Core U.S. Aggregate Bond ETF AGG was under further selling pressure on Monday, heading for its lowest close since 2008. It tracks the closely followed U.S. Bloomberg Aggregate Bond Index, the main gauge of performance for investment-grade bonds. It also is the index all fixed-income investors strive to beat each year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Peacock October 2023 Schedule: New TV Shows & Movies LineupHere is the Peacock October 2023 schedule. This is a list of the new movies and TV shows coming to the Peacock streaming platform. All TV shows and movies coming to Peacock in October 2023 October 1 October 2 October 3 October 4 October 5 October 6 October 7 October 8 October 9 October 10 […]
Consulte Mais informação »
Türkiye neutralises mastermind of 2007 PKK terror attackMuzdelif Taskin, responsible for orchestrating the 2007 assault in Daglica that resulted in the death of 12 soldiers and injuries to 16 others, conducted operations on behalf of the PKK in multiple areas within Iraq and Türkiye.
Consulte Mais informação »
Your Horoscope This Week: October 1 to October 7Prep your energy, it's almost eclipse season.
Consulte Mais informação »
VanEck Announces Big Decision to Support Ethereum (ETH) DevelopmentVanEck to donate 10% of ETF profits to Ethereum (ETH) contributors
Consulte Mais informação »
After Bitcoin: Grayscale Files to Convert Another Major Trust into ETFGrayscale intends to convert its Ethereum Trust into a spot ETF, which could create massive gains for the fund’s current investors.
Consulte Mais informação »
[RE-AIR] FTX's Sam Bankman-Fried Goes on Trial Tomorrow; Ether ETF Race IntensifiesCrypto's biggest trial begins tomorrow and the outcome may hinge on Sam Bankman-Fried's former colleagues. VanEck head of digital assets product Kyle DaCruz discusses plans to roll out its Ethereum futures exchange-traded fund (ETF) as the race for ether (ETH) futures fund heats up. ETF Think Tank research director Cinthia Murphy also weighs in. And, Dexterity Capital managing partner Michael Safai shares his crypto market outlook as the U.S. government avoids a shutdown.
Consulte Mais informação »