PIMCO Total Return ETF Message Board
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What happened to BOND?
It was straight up, but now it's drifting lower. Has something big happened to the bond market to make this happen? Is this a pause, or is it going down? Maybe nothing is straight up all the time?
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Agree with what the others are saying.... Bond prices might continue to weaken for a few more weeks, but remember that Sept. and Oct. are often poor for stocks, and good for bond prices. So I'm thinking that
BOND will recover all its losses and then make some gains by the end of October. -
Interest rates are rising to a small degree, with 10 year treasury going from 1.45% up to 1.90%, meaning face value of bond holdings are declining somewhat as they move down. Positive econ data and less tension over Europe have caused rates to rise. General wisdom on CNBC World is that this will reverse soon.
Also, just like the other guy, I purchased additional shares yesterday.- 1 Reply to wallacebook
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Yup, bonds have sold off some recently. In my humble opinion, it's just a matter of weeks/months before the Euro flares up again and treasury rates fall... but we shall see.
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I bought some a few days ago. So it's my fault. Seems like everytime I buy into a stock it drops for a week before returning. Funny how my couple grand can move the market :)
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