132.41 +0.98 (0.75%)
Pre-Market: 8:27AM EDT
|Bid||132.19 x 4000|
|Ask||132.40 x 1300|
|Day's Range||131.38 - 132.53|
|52 Week Range||111.90 - 133.51|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.32|
|Expense Ratio (net)||0.15%|
Blackstone's Joseph Zidle says we're in a correction and there's more pain ahead. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.
Stocks get slammed as bond yields sink. How low will they go? With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.
As the first half of 2019 comes to a close, equity markets ranging from the U.S. to China are up between 10%-20%. Usually when markets have reached peak economic growth and are towards the tail end of their expansion, they are vulnerable to such extreme fluctuations between ultra-bullish to uber-bearish, as witnessed over the past one and a half years. Thanks to central banks around the world diligently pursuing quantitative easing -- just because they don't know what else to do to kick-start economic growth -- and even the U.S. Fed ever ready to maintain its support by holding off on raising rates, yields are trading at record low levels.
The overall investor sentiment has been bearish given the US-China trade tensions and deteriorating economic reports. In addition to bonds (BND), investors are also looking to gold due to its safe-haven appeal. Not only this, there are many other factors that are currently going in gold's favor.
With more expecting the Federal Reserve to cut interest rates ahead, exchange traded funds that track long-term debt are beginning to pick up steam as investors hunt for attractive income in a lower-for-longer yield environment. Investors and analysts highlighted the worsening projections for growth as a catalyst for the Federal Reserve to its loosening monetary policy outlook instead of tightening it. Sentiment for a rate cut picked up Wednesday and Thursday after the Fed held rates steady but signaled a possible cut in the months ahead to combat the weakening effects of a prolonged trade war.
According to the latest Bank of America Merrill Lynch survey, government bonds are the most crowded trade. It is the first time in the history of BAML that the preference for Treasuries has topped the list. The US government bonds were cited by 27% of the fund managers, topping long tech trade, which came at the second position.
Jeffrey Gundlach was surprised when the Fed switched to a dovish stance and predicted no hikes this year, and he thinks that change is "not reassuring.”
May’s PMI numbers were not very encouraging. The manufacturing PMI released by IHS Markit came in at 50.5, the lowest since September 2009 when the economy was just trying to come out of the shadows of the global recession. While the reading still indicates expansion, the pace of expansion is the lowest in almost a decade.
Yields may be near their lows, so investors should consider taking profits in long-term fixed-rate issues and swapping them for undervalued floating-rate securities.
May jobs data came in extremely downbeat in the United States. This should help the Fed remain dovish in the coming days and boost these ETFs.
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Gundlach Recommends Closing Trade that Generated 22% in a MonthJeffrey Gundlach at Sohn Conference 2019At the 2019 Sohn Conference on May 6, the so-called “Bond King” and CEO of DoubleLine Capital, Jeffrey Gundlach, recommended investors take
ETFs have increasingly grown in popularity as many investors utilize the nifty too to quickly weave in and out volatile market conditions. In a recent research note, Deutsche Bank highlighted the huge ...
The latest weakness in the U.S. bond market come after a series of disappointing global economic numbers suggest the U.S. trade wars with China, Mexico and other countries is starting to impact companies’ bottom lines. Just one month ago, the FedWatch tool indicated a just a 47.3 percent chance of a rate cut in 2019.
Major assets are reflecting deepening concerns about the durability of bull run for stocks which will mark its 10th year in about a month.
With major U.S. and Asian stock indexes bleeding on escalating Sino-US trade war tensions, let's see whether it is the right time to switch to bond ETFs.
It was a very choppy day of action with at least a dozen buy and sell programs pushing the indices around. There is a good chance of some sort of relief bounce soon but the key word here is "bounce." There is no good reason to believe that a low is forming at this point.
With broadening fears of a protracted trade war with China, investors have been seeking safe havens like gold, bonds, and even potentially Bitcoin. Over the past three months, the iShares 7-10 Year Treasury Bond ETF (IEF) gained 4.1% and iShares 20+ Year Treasury Bond ETF (TLT) rose 5.4% as yields on benchmark 10-year Treasury notes dropped down to 2.66% after reaching as high as 3.22% back in October. “Bonds are doing there job as a stabilizer of portfolios…bonds have been the haven here, and the S&P has suffered a bit,” said Mike Santoli on CNBC.