iShares 20+ Year Treasury Bond ETF(TLT)- NYSEARCA
  • Fri, Aug. 26, 12:23 PM
    • The three asset classes were all sporting nice gains in wake of Janet Yellen's Jackson Hole speech at which the Fed boss suggested we're getting close to rate hike territory.
    • Sellers have emerged in the last hour though, taking the S&P 500 (SPY -0.3%), long-dated Treasurys (NYSEARCA:TLT), and gold (NYSEARCA:GLD) and oil (NYSEARCA:USO) back to either flat or in the red.
    • Moving in the opposite direction is the dollar (UUP +0.5%).
    | Fri, Aug. 26, 12:23 PM | 23 Comments
  • Fri, Aug. 26, 10:15 AM
    • Speaking at Jackson Hole, Janet Yellen sounded more bullish on the economy than previously, but that shouldn't be a surprise given the improving economic news, a booming stock market, and a string of other hawkish comments out of the Fed.
    • Stocks have added a hair since her remarks hit the tape - the S&P 500 (SPY +0.4%). The dollar (UUP, UDN) initially shot higher, but has given up those gains, now down 0.2% on the session. The 10-year Treasury yield (TLT, TBT) initially climbed a couple of basis points, but is now edging lower at 1.567%.
    • Gold (NYSEARCA:GLD) isn't buying the hawkishness, jumping higher by 1.05% to $1,338 per ounce.
    | Fri, Aug. 26, 10:15 AM | 17 Comments
  • Wed, Aug. 17, 2:15 PM
    • The FOMC minutes said all the right hawkish things about the chance conditions could "soon warrant" a rate hike, but the markets are reading the overall gist of the report as no rush to make a move.
    • Flat ahead of the release, the 10-year Treasury yield has turned lower by 3.2 basis points to 1.542%. TLT +0.75%, TBT -1.5%Fed Funds futures were lower, but are now flat, still pricing in about a 50% chance of one rate hike in 2016.
    • In the green prior to the minutes, the dollar (UUP, UDN) is now down 0.25%.
    • Gold (NYSEARCA:GLD) has recouped some of its earlier losses, now down 0.1% to $1,354 per ounce.
    | Wed, Aug. 17, 2:15 PM | 20 Comments
  • Tue, Aug. 16, 8:44 AM
    • "We're edging closer toward the point in time where I think it will be appropriate to raise interest rates further," says FRBNY President Bill Dudley in a TV interview, adding that a September move is possible.
    • Asked about asset bubbles, Dudley says the bond market (TLT, TBT) is one that is looking "a little stretched," and chides those who make interest rate bets for a living that they're underpricing the potential for rate hikes.
    | Tue, Aug. 16, 8:44 AM | 31 Comments
  • Wed, Aug. 10, 1:06 PM
    • The bank's credit and debit card numbers say consumer spending slowed in July, with retail sales down 0.3% from June (seasonally adjusted). This follows a flat M/M read in June. BofA chief economist Michelle Meyer paints the slowdown as a cooling off from the exceptionally strong gains from March through May.
    • Nevertheless, Census Bureau data have closely followed that of Bank of America, so a soft July retail sales report or a downward revision to June on Friday shouldn't be a surprise.
    • Looking at the longer view, BofA data shows sales ex-autos are up just 0.7% Y/Y.
    • Checking bond yields ahead of the number, the 10-year Treasury - which shot all the way up to 1.62% following last Friday's strong jobs number - has retreated back to 1.52%, roughly the level it was at prior to the print. TLT +0.4%, TBT -0.8%
    | Wed, Aug. 10, 1:06 PM
  • Fri, Aug. 5, 8:46 AM
    • U.S. stock index futures have added to gains after the better-than-hoped jobs report for July, with the S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQhigher by 0.4%, and the Dow (NYSEARCA:DIAup 0.5%.
    • With a September rate hike seemingly much more of a possibility, the 10-year Treasury yield has jumped four basis points to 1.54%. TLT -0.5%, TBT +1%. Fed Funds futures are still pricing in just about a 50% chance of one rate hike this year.
    • Gold has dipped about $10 per ounce. GLD -1%
    • The dollar (UUP, UDN) has popped from modestly lower on the session, to up 0.3%.
    | Fri, Aug. 5, 8:46 AM | 18 Comments
  • Thu, Aug. 4, 12:28 PM
    • The Bank of England this morning cut its benchmark bank rate by 25 basis points to 0.25%, and restarted its dormant asset purchase program. In addition to government bond purchases, the bank will also be buying corporate paper.
    • At his post-meeting press conference, Governor Mark Carney said the bank's estimates for GDP growth have come way down, and for the unemployment rate way up since the Brexit vote. He says there's more room for additional stimulus as necessary.
    • The news sent the FTSE higher, and the pound way lower. The 10-year Gilt yield tumbled 16 basis points to a record-low 0.647%. The 10-year Bund yield dropped six basis points to -0.094%.
    • The U.S. 10-year yield is down five basis points to 1.493%. Tomorrow morning brings the July employment report.
    • TLT +1%, TBT -2%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Thu, Aug. 4, 12:28 PM | 2 Comments
  • Mon, Aug. 1, 12:55 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) of $0.2125. 30-Day Sec yield of 1.71%
    • iShares Barclays 20 Year Treasury Bond Fund ETF (NYSEARCA:TLT) of $0.2552. 30-Day Sec yield of 2.02%
    • iShares iBoxx $ High Yield Corporate Bond Fund ETF (NYSEARCA:HYG) of $0.3968. 30-Day Sec yield of 5.63%
    • iShares S&P National Municipal Bond Fund ETF (NYSEARCA:MUB) of $0.2118. 30-Day Sec yield of 1.14%.
    • iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (NYSEARCA:LQD) of $0.3315. 30-Day Sec yield of 2.85%.
    • iShares Barclays 1-3 Year Treasury Bond Fund ETF (NYSEARCA:SHY) of $0.0504. 30-Day Sec yield of 0.53%.
    • Payable Aug. 5; for shareholders of record Aug. 3; ex-div Aug. 1. 30-Day Sec yield as of 7/28/2016.
    | Mon, Aug. 1, 12:55 PM | 3 Comments
  • Wed, Jul. 27, 2:18 PM
    • Having had a few minutes to digest the modestly hawkish turn from the FOMC, the 10-year Treasury yield has dipped a little bit, now off 3.3 basis points to 1.531%. Odds of a September rate hike have risen just a hair to about a one-in-three chance. TLT +1%, TBT -2%
    • The money quote from the policy statement: "Near-term risks to the economic outlook have diminished."
    • The dollar (UUP +0.1%) has turned somewhat higher following the news, while gold (GLD +0.5%) has shed a couple of dollars per ounce (though still in the green on the session).
    • Stocks are about where they were, the Nasdaq up modestly, the S&P 500 down a hair, and the Dow flat.
    | Wed, Jul. 27, 2:18 PM | 4 Comments
  • Wed, Jul. 20, 2:04 PM
    • With much of the globe's "safe" sovereign debt trading at negative yields, investors worldwide have been snapping up long-dated Treasurys whose yields positively tower over the alternatives.
    • It's a dangerous game, says Oksana Aronov of JPMorgan, noting the real yield on the U.S. 10-year is negative, the lowest since 1980, and actually lower than similarly-dated Japanese paper.
    • "We’re seeing this tremendous flow into the bond space at a time when the risks are, frankly, unprecedented,” Aronov tells Bloomberg. "There is no free lunch, and on a real basis, you are really not buying something that's of tremendous value."
    • The 10-year Treasury yield is higher by 2.75 basis points today to 1.582%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Wed, Jul. 20, 2:04 PM | 8 Comments
  • Tue, Jul. 19, 12:30 PM
  • Tue, Jul. 19, 9:10 AM
    • With markets having shrugged off the Brexit vote, Fed officials are growing more confident about raising rates before year-end, and possibly as early as September, writes Jon Hilsenrath.
    • Though no change is nearly assured at the late-July FOMC meeting, the policy statement may signal belief the economy is on more solid ground than when the dovish call was made at the June meeting.
    • That could be a surprise for traders, who have currently priced in only about a 12% chance of a September Fed move.
    • The 10-year Treasury yield is lower by 1.6 bps this morning to 1.57%. TLT +0.4%, TBT -0.8%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Tue, Jul. 19, 9:10 AM | 18 Comments
  • Fri, Jul. 15, 4:14 PM
    | Fri, Jul. 15, 4:14 PM
  • Fri, Jul. 15, 10:19 AM
    • The 10-year Treasury yield continues to make its way back to its pre-Brexit level, up another five basis points to 1.59%. Helping the move today were stronger-than-expected reads on June retail sales and inflation.
    • The 10-year was in the 1.70% area prior to the vote, and dropped to about 1.35% in the days after. TLT -0.7%, TBT +1.4%
    • Short-term rate futures markets are again pricing in a sizable chance of a rate hike this year, roughly 40% at the moment. At one point in early late June, the chance of a rate hike had been pushed all the way back to 2018.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Fri, Jul. 15, 10:19 AM | 1 Comment
  • Tue, Jul. 12, 1:31 PM
    • With Europe having mostly erased its post-Brexit declines, and the U.K. and U.S. both higher today than they were prior to the vote, flight-to-safety types are headed for the exits.
    • The U.S. 10-year yield is up by another nine basis points today to 1.52%, its highest level this month. The two-year yield is up five bps to 0.685%, its strongest since the vote. TLT -1.7%, TBT +3.4%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Tue, Jul. 12, 1:31 PM | 6 Comments
  • Mon, Jul. 11, 9:35 AM
    • Analysts, including head of global interest rate strategy Matthew Hornbach, had recommended buying the long-duration government paper of the U.S., Germany, Japan, and U.K. ahead of the June 23 Brexit vote.
    • After the massive rally since the shock result - and with yields for all four countries at all-time lows - the team suggests it's time to cash in those winning chips.
    • With the Brexit vote fading further into the rearview mirror and equity markets continuing to rally, government bond yields are higher across the board today. The U.S. 10-year is up four basis points to 1.40%. TLT -0.35%, TBT +0.7%
    | Mon, Jul. 11, 9:35 AM | 1 Comment
TLT Description
The iShares 20+ Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years.
See more details on sponsor's website
Country: United States
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