Related: 28 ETFs for Investment-Grade Corporate Bond Exposure

Still, betting against Treasurys is, to this point in 2016, an ambitious and losing bet.

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.

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.