|Bid||165.11 x 1300|
|Ask||169.38 x 800|
|Day's Range||166.21 - 167.35|
|52 Week Range||132.01 - 202.98|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||28.59%|
|Beta (5Y Monthly)||4.62|
|Expense Ratio (net)||0.15%|
The $4.8 billion pension fund of New York’s Metropolitan Transportation Authority just became the latest to sue a hedge-fund manager after losing hundreds of millions of dollars in complicated financial vehicles that maybe nobody could understand. The MTA joins a list of woebegone pensions suing German financial giant Allianz over its “Structured Alpha” funds, which collapsed in the market turmoil earlier this year wiping out 97%—yes, really—of investors’ capital. Others suing Allianz are the Blue Cross Blue Shield National Retirement Trust, Lehigh University, the Arkansas’ Teacher Retirement, and the Teamsters.
U.S. Treasury exchange-traded funds (ETFs) provide investors with a way to gain exposure to the U.S. government bond market through investing in a stock-like instrument. Unlike individual bonds that are sold by bond brokers, bond ETFs trade on market exchanges.
Treasury bond exchange traded funds gained momentum after the Federal Reserve enacted extreme measures to lower rates and bolstered accommodative measures in a bid to mitigate an economic downturn.