SPDR Barclays Long Term Treasury ETF
 (TLO)

- NYSEARCA
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  • Thu, Feb. 11, 7:45 AM
    • The global stock market plunge is intensifying this morning, with Europe down nearly 3% and U.S. index futures almost 2%. Hong Kong fell 3.85% after returning from holiday. Shanghai and Tokyo were closed.
    • The 10-year Treasury yield is lower by ten basis points to 1.57%. Maybe even more interesting, the January 2017 contract for Fed Funds futures has risen to exactly the same price as the Feb 2016 contract - meaning traders are putting 100% probability on no Fed rate hikes this year. It'll be even more fun when the Jan 2017 contact moves ahead of Feb 2016 - meaning the pricing in of a chance of a rate cut even as the Fed insists tighter policy is still necessary.
    • Up later is day two of Janet Yellen's Congressional testimony. Will she change for positive tone?
    • TLT +1.65%, TBT -3.3% premarket
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, TYO, UBT, DLBS, DTYS, UST, TLO, VGIT, TBX, SCHR, GSY, TYD, LBND, ITE, DTYL, DLBL, TYBS, VUSTX, DFVL, TBZ, DFVS, TYNS
    | Thu, Feb. 11, 7:45 AM | 5 Comments
  • Wed, Feb. 3, 8:23 AM
    • January's private-sector job gain of 205K moderated from December's big 267K advance (revised from an originally reported 257K), but it beat expectations of 190K.
    • Job growth in the three months ended in January averaged 224K vs. 185K in the previous three months, and 199K in the three months prior to that. What's a central banker to do?
    • The 10-year Treasury yield remains higher by three basis points to 1.88%.
    • TLT -0.45%, TBT +0.9% premarket
    • Full ADP report
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Feb. 3, 8:23 AM | 5 Comments
  • Mon, Feb. 1, 3:51 PM
    • SPDR Barclays Long Term Treasury ETF (NYSEARCA:TLO) announces monthly distribution of $0.1553.
    • 30-Day Sec yield of 2.61% (as of 1/28/2016).
    • Payable Feb. 9; for shareholders of record Feb. 3; ex-div Feb. 1.
    | Mon, Feb. 1, 3:51 PM
  • Fri, Jan. 29, 10:22 AM
    • The Chicago PMI surged 12.7 points in January to 55.6 - its highest level in a year. The move is from a Q4 which was the weakest three months since Q3 of 2009.
    • Even with January's big print, the three month trend moves up to just 48.7 from 47.7 in December.
    • A jump in New Orders to 58.8 led the way this month, and Production also popped back over the 50 level. Order Backlogs also rose sharply, but remain below 50 for the 12th straight month. Supplier Deliveries was the only component to decline, falling 4.5 points to 49.2.
    • MNI Chief Economist Philip Upglow says PMI gains of such high magnitude tend to not be maintained, so he expects a February pullback.
    • Full report
    • Treasurys have given back so of their big early advance, but the 10-year yield remains lower by three basis points to 1.95%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Fri, Jan. 29, 10:22 AM
  • Fri, Jan. 29, 8:40 AM
    | Fri, Jan. 29, 8:40 AM | 8 Comments
  • Tue, Jan. 26, 2:20 PM
    • The script says yields need to go higher on days when equities rally hard, but the 10-year Treasury yield just inched below 2% - off one basis point on the session. The Fed, of course, began its two-day policy meeting today and no one expects a rate hike when the decision is announced tomorrow.
    • The policy statement should hopefully contain some hint as to whether the central bankers - given the tumult in markets and plunge in bond yields since moving in December - are backing off threats to boost rates further at their March meeting.
    • Fed Funds futures are pricing in about a one-in-three chance of a 25 basis point move in March.
    • TLT +0.2%, TBT -0.4%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Tue, Jan. 26, 2:20 PM
  • Wed, Jan. 20, 8:44 AM
    • With global markets in full retreat and U.S. stock index futures lower by nearly 2%, money is flowing into government paper - the 10-year yield is down nine basis points to 1.97%.
    • Except for a brief flirtation on Friday, 2% hadn't been breached since October, and the yield was about 2.30% when the Fed hiked short-term rates in December.
    • Maybe more frustrating for the central planners at the Eccles Building, the two-year Treasury yield - which they would seemingly have a lot more control of - has plunged to 0.82% from 1.09% in the wake of December's rate hike.
    • FOMC speakers continue to remain on record as promising four rate hikes this year. Futures markets now say one more at most, and Ray Dalio contends the Fed's next move will be to ease. Might the Fed say "uncle" this week?
    • Earlier: December CPI and Housing Starts come in soft.
    • TLT +1.2%, TBT -2.4%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Jan. 20, 8:44 AM | 8 Comments
  • Fri, Jan. 15, 8:52 AM
    • Retail sales unexpectedly slipped in December, and the NY Fed's manufacturing survey shows business activity in that region tumbling at the fastest pace since the Great Recession.
    • Remaining below zero for the sixth straight month, the general business conditions index fell 13 points to -19.4%. New orders plunged a full 17 points to -23.5 and shipments declined 19 points to -14.4. Indexes for the six-month outlook also fell sharply - down 26 points to 9.5, the lowest level since 2009.
    • The 10-year Treasury yield is lower by 11 basis points to 1.99% - its first time below 2% in three months, and now off about 30 basis points since the Fed hiked a month ago. TLT +1.5% premarket, TBT -3%
    • Also helping Treasurys is what is now a 2%+ decline in major U.S. stock index futures. SPY -2.4% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Fri, Jan. 15, 8:52 AM | 50 Comments
  • Tue, Jan. 12, 1:44 PM
    • Mulling a stock market that can't seem to put together a sustained rally and oil within pennies of sinking below $30 per barrel, investors today pour money into long-dated U.S. government paper, sending the 10-year yield down eight basis points to 2.10%, its lowest level since late October.
    • Long bond permabulls (right so far) Van Hoisington and Lacy Hunt aren't surprised, citing anemic economic activity as 2015 drew to a close. The team says the 3% estimated gain in nominal GDP in 2015 was the smallest for any year since the recession. The global picture doesn't look any better.
    • They again take to task QE, and note the growing empirical evidence casting doubt on its efficacy.
    • "We believe that the long awaited secular low in long-term Treasury bond yields remains ahead."
    • TLT +1.5%, TBT -3%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Tue, Jan. 12, 1:44 PM | 2 Comments
  • Mon, Jan. 11, 10:32 AM
    • That Treasurys aren't going into the tank as China becomes a net seller for the first time ever isn't much of a surprise to those who saw that country's previous buying of U.S. government paper as little more than an automatic accounting necessity.
    • Previous massive capital inflows into China left that country's banks with greenbacks which were turned over to the PBOC in exchange for freshly printed yuan. The PBOC then took those dollars and bought (mostly) U.S. paper.
    • With inflows turning into outflows, China isn't getting any net greenbacks with which to invest, and instead needs to sell its Treasury holdings to raise dollars with which it can buy up the yuan that nobody else seems to want at the moment.
    • Naturally, plenty of buyers - no longer pouring money into China - are gladly stepping in to take the other side of Beijing's Treasury sales.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Mon, Jan. 11, 10:32 AM | 5 Comments
  • Fri, Jan. 8, 2:50 PM
    • This morning's nonfarm payrolls print was pretty much a blowout, with 292K December jobs vs. 200K expected, and sizable positive revisions to November. The Fed has been right as rain on jobs, but other indicators - including inflation and manufacturing surveys - paint a significantly weaker picture of the economy.
    • A modest overnight bounce in Chinese equities, however, is failing to ignite any sort of rally in the West - with Europe losing nearly another 2% today to complete its worst week in nearly five years, and U.S. stocks giving up near-1% gains.
    • Fed officials, meanwhile, continue to insist the market - which sees just two rate hikes this year - is way too dovish.
    • The 10-year Treasury yield shot up to 2.21% after the strong number this morning, but is currently at 2.13%, off two basis points on the session.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, TYO, UBT, DLBS, DTYS, UST, TLO, VGIT, TBX, SCHR, GSY, TYD, LBND, ITE, DTYL, DLBL, TYBS, DFVL, VUSTX, TBZ, DFVS, TYNS
    | Fri, Jan. 8, 2:50 PM | 6 Comments
  • Wed, Jan. 6, 8:25 AM
    • Bond traders are focused on red equity numbers and the continuing crash in energy rather than a strong ADP jobs report - 257K private sector jobs added in December vs. 190K expected. Today's print is the strongest since 275K jobs gained in December 2014.
    • The 10-year Treasury yield moved up one basis point on the news to 2.19%, but is still lower by five basis points on the session, with U.S. stock index futures down 2% and oil off 3.3%.
    • TLT +1.2%, TBT -2.4% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Wed, Jan. 6, 8:25 AM | 6 Comments
  • Dec. 29, 2015, 2:12 PM
    • SPDR Barclays Long Term Treasury ETF (NYSEARCA:TLO) announces monthly distribution of $0.153.
    • 30-Day Sec yield of 2.70% (as of 12/24/2015).
    • Payable Jan. 7; for shareholders of record Dec. 31; ex-div Dec. 29.
    | Dec. 29, 2015, 2:12 PM
  • Dec. 11, 2015, 10:42 AM
    • The 10-year Treasury yield is lower by six basis points to 2.17%, but high-yield paper is once again headed the opposite direction, with HYG down 1.2% and JNK down 1.1%.
    • The panicky action in junk bonds comes as oil sinks to new bear market lows, now off 2% to $36.06 after falling as low as $35.70 earlier. The major averages are all down more than 1%, led by energy's 2.4% decline.
    • Long-dated Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Dec. 11, 2015, 10:42 AM | 17 Comments
  • Dec. 7, 2015, 1:11 PM
    • Touching as high as 2.30% earlier in the session, the 10-year Treasury yield has tumbled all the way to 2.21%. The move comes with the major averages lower by more than 1%, led by the energy sector's near-5% decline as oil plunges below $38 per barrel.
    • The flow into the safety of government paper is in contrast with the continued exit from high-yield.
    • Next week's Fed rate hike in the face of plunging commodity prices (it's not just oil headed south) and signs of strain in credit markets should make for interesting reactions.
    • TLT +1.3%, TBT -2.6%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Dec. 7, 2015, 1:11 PM | 6 Comments
  • Dec. 4, 2015, 8:40 AM
    • In addition to the November jobs gain of 211K (vs. 200K expected), October's big 271K number was revised higher to 298K, and September's 137K to 145K.
    • The average workweek edged lower by 0.1 hour to 34.5 hours. Average hourly earnings rose $0.04 to $25.25; on a Y/Y basis, they're higher by 2.3%.
    • The labor force participation rate gained 10 basis points to 62.5%. A year ago, it was 62.9%.
    • The broader U-6 unemployment rate rose to 9.9% from 9.8%. One year ago, it was 11.4%. Headline unemployment held steady at 5%. One year ago, it was 5.8%.
    • The 10-year Treasury yield is moving higher again, up three basis points to 2.35%, and the 2-year Treasury yield is up a big 3.3 basis points to just under 1%.
    • TLT -0.75% premarket
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Dec. 4, 2015, 8:40 AM | 10 Comments
TLO Description
The SPDR® Barclays Capital Long Term Treasury ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital Long U.S. Treasury Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Country: United States
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