“Investors are focused on holding high-quality bonds, like Treasuries, as policy makers focus on accommodative policy and because of the problems in Europe,” said Piet Lammens, head of research at KBC Bank, in a Bloomberg News report. “What Bernanke says this week will be closely watched. We need to see a stronger indication that more stimulus is coming before the Treasury yields can make new lows.”
Federal Reserve chief Ben Bernanke is set to testify later this week before Congress on the U.S. economy.
iShares Barclays 20+ Year Treasury Bond Fund
Full disclosure: Tom Lydon’s clients own TLT.