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As shown in the charts below, after falling from overbought levels in September, fixed income ETFs have bounced back. The Aggregate Bond Fund ETF (AGG), 7-10 Year Treasury ETF (IEF) and 20+ Year Treasury ETF (TLT) are all now trading back above their 50-day moving averages, and they didn't end up doing too much technical damage to their chart patterns during the downturn. The Treasury Inflation Protected Securities (TIP) ETF -- which yields a level that protects against inflation -- has bounced back the most of all and is already right at its old highs.

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