The Latest News:
- The yield on benchmark 10-year Treasury notes was hovering around 2.54% Wednesday.
- The 10-year Treasury yield reached as high as 2.64% earlier this week.
- “For the past month, the bond market has seen some of its worst carnage since 1994 for those who remember that frustrating and challenging year,” Paul Schatz, president of Heritage Capital, said in a USA Today article. “Yields are up more than 50% on the 10-year note and when bond mutual fund investors get their June statements, I think they will be shocked at how much money they lost in such a short period of time.”
- Treasury prices, though, gained Wednesday on disappointing Q1 GDP data.
- “That has the market thinking that the Fed will not be tapering perhaps as soon as what the market was thinking just the other day,” Stith, co-manager of the Wilmington Broad Market Bond Fund, said in a Reuters article.
iPath US Treasury 10-year Bear ETN
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Max Chen contributed to this article.