Exchange traded funds (ETFs) that invest in Treasury bonds finally caught a bid Tuesday as investors moved into bonds and sold riskier assets such as stocks and commodities.
The iShares Barclays 20+ Year Treasury Bond (NYSEArca: TLT) was up more than 1% in late-afternoon trading Tuesday.
Treasury yields have been trying to break out lately, which has been weighing on bond prices and ETFs. Interest rates are likely moving higher, says Micheal Kahn of Barrons. [Treasury ETFs Caught In Downdraft.]
iShares Barclays 20+ Year Treasury Bond
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.