If you haven’t heard, it’s "earnings" season. Favorites, such as Google (GOOG), Microsoft (MSFT) and Caterpillar (CAT) gave disappointing results. With these big players failing to meet expectations, a declining dollar and housing woes, investors are looking to safe-haven investments, such as bonds. As more money flows into bonds, their prices increase, but their yields decline. Now the 10-year Treasury yield is below 5% for the first time in more than a month, according to CNNMoney.com.
Here’s a look at how a few of the fixed-income ETFs are performing:
iShares Lehman 20+Year Treasury Bond Fund (TLT) – up 2.2% for the week
iShares Lehman 7-10 Year Treasury Bond Fund (IEF) – up 1.6% for the week
iShares Lehman U.S. TIPS Bond Fund (TIP) – up 1.2% for the week
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.