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Friday’s ETF To Watch: Barclays 20 Year Treasury Bond Fund (TLT)
September 16, 2011 at 04:00 AM EDT
Although the American budget situation continues to be dire, investors still appear to have a robust appetite for Treasury bonds. Demand for 30 Year Bonds, which carry the greatest levels of interest rate risk, hit a bid/cover ratio of 2.85 in the most recent auction, the best since March. With that being said, bid/cover ratios have been slipping in some of the shorter duration securities suggesting an overall mixed bag for Treasury bonds heading into the fall. Now that the European debt crisis appears to be contained, at least for the time being, and euro zone bonds could be on the horizon, it will be interesting to see if in the latest Treasury International Capital Data report, foreign demand for securities was more robust than in recent periods. The TIC data, which is released two months following the actual period, looks to give investors an idea of how much foreign demand is [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Equities Back In Black ETF Insider: Gold In Freefall ETF Insider: Stay On The Sidelines Three ETFs To Watch This Week: IYW, PPH, TLT ETF Insider: No Stopping Gold
Although the American budget situation continues to be dire, investors still appear to have a robust appetite for Treasury bonds. Demand for 30 Year Bonds, which carry the greatest levels of interest rate risk, hit a bid/cover ratio of 2.85 in the most recent auction, the best since March. With that being said, bid/cover ratios have been slipping in some of the shorter duration securities suggesting an overall mixed bag for Treasury bonds heading into the fall. Now that the European debt crisis appears to be contained, at least for the time being, and euro zone bonds could be on the horizon, it will be interesting to see if in the latest Treasury International Capital Data report, foreign demand for securities was more robust than in recent periods. The TIC data, which is released two months following the actual period, looks to give investors an idea of how much foreign demand is [...]
