“The reversal is pretty brutal. We’ve got to really see an end of this bearish sentiment on Treasurys before we have a selloff,” George Goncalves, head of interest-rate strategy at Nomura Securities, said in the MarketWatch article, projecting that Treasury yields will continue dip until short positions are fully exited.
Treasury bonds have been among the best performing assets this year. The long-term iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT) has increased 10.8% year-to-date as yields on 30-Year Treasuries declined almost 60 basis points since the start of the year. [Renewed Demand for Treasuries Props Up Bond ETFs]
iShares 7-10 Year Treasury Bond ETF
For more information on the Treasuries market, visit our Treasury bonds category.