Related: 28 ETFs for Investment-Grade Corporate Bond Exposure
According to the Bank of America Corp.’s U.S. Treasury Index, Treasuries have returned 4.8%, the most at this period of the year since 2003, as traders anticipated a falling likelihood of a Federal Reserve interest rate hike, with the probability of a move this year dipping to about 49% from 74% at the end of May, Bloomberg reports.
“Technically, it means that 145-146 isn’t out of the question for the TLT. A continuation of the rally in bonds would likely coincide with some additional downside in equities (or sideways chop),” adds See It Market.
For more information on the fixed-income market, visit our bond ETFs category.
iShares 20+ Year Treasury Bond ETF
Tom Lydon’s clients own shares of TLT.