May 04, 2012 at 04:00 AM EDT
Friday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT)
Equity indexes drifted lower on Thursday despite mixed economic data releases. Weekly jobless claims bolstered confidence as the number of people who filed for unemployment benefits fell to 365,000 versus the previous reading of 392,000. Despite encouraging news from the domestic labor market, investors still broadly took profits following the worse-than-expected ISM non-manufacturing data; growth in the service sector for April came in at 53.5%, a noticeable decline from the previous reading of 56%. Investors will keep their attention fixed on the home front today as monthly employment data hits the street. As such, our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT), which may experience volatile trading depending on how investors react to the latest employment figure; analysts are expecting for the unemployment rate to remain unchanged at 8.2% [see also Better-Than-AGG Total Bond Market ETFdb Portfolio]. Chart Analysis This ultra-popular Treasury ETF has been [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Euro Drama Steals Spotlight From Earnings ETF Insider: More Earnings, More Volatility iShares Launches More High Yield ETFs (GHYG, IYLD) ProShares Adds -3x Treasury ETF (TTT) ETF Insider: Was The Greek Bailout Priced In?
Equity indexes drifted lower on Thursday despite mixed economic data releases. Weekly jobless claims bolstered confidence as the number of people who filed for unemployment benefits fell to 365,000 versus the previous reading of 392,000. Despite encouraging news from the domestic labor market, investors still broadly took profits following the worse-than-expected ISM non-manufacturing data; growth in the service sector for April came in at 53.5%, a noticeable decline from the previous reading of 56%. Investors will keep their attention fixed on the home front today as monthly employment data hits the street. As such, our ETF to watch for the day is the iShares Barclays 20 Year Treasury Bond Fund (TLT), which may experience volatile trading depending on how investors react to the latest employment figure; analysts are expecting for the unemployment rate to remain unchanged at 8.2% [see also Better-Than-AGG Total Bond Market ETFdb Portfolio]. Chart Analysis This ultra-popular Treasury ETF has been [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here