The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) was on a four-day losing streak heading into Thursday’s trading. The ETF was negative but off its session low, trading near its 200-day moving average [Treasury ETF Damage]
ETFs that bet against Treasuries have rallied along with yields. Weak Treasury auctions this week and relief over austerity measures passing in Greece have weighed on bonds. [ETF Spotlight]
“Bond yields and stock prices are resting on an artificial foundation of QE2 credit that may or may not lead to a successful private market handoff and stability in currency and financial markets,” Pimco’s Gross wrote in March.
iShares Barclays 20+ Year Treasury Bond Fund
