iShares 20+ Year Treasury Bond ETF (TLT) - NYSEARCA
  • Mon, Apr. 25, 12:04 PM
    • “There is a strong feeling of déjà vu in markets right now,” says UBS's Jeff Greenberg, commenting on what's become an annual rite - a move up in interest rates as investors become convinced economic and geopolitical concerns are off the table. "The similarities in some markets are uncanny."
    • After falling to nearly 1.50% at the lows in mid-February, the 10-year Treasury yield has shot up to 1.90%. Similar moves are evident in government bond markets overseas - Germany, for instance, has seen its 10-year Bund yield rise to 0.23% from 0.08%.
    • Fans will be reminded of last year when the Bund yield shot all the way to 1% from 0.07% before a quick reversal.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Mon, Apr. 25, 12:04 PM | 3 Comments
  • Wed, Apr. 20, 11:27 AM
    | Wed, Apr. 20, 11:27 AM
  • Tue, Apr. 12, 3:41 PM
    • The IMF cut its global and U.S. growth forecasts yet again, and a couple of Fed speakers stressed the need for caution with rate hikes, but it's a risk-on session, with stocks up 1% and oil up 4.2% to a new 2016 high.
    • The 10-year Treasury yield is ahead five basis points to 1.78%. TLT -0.8%, TBT +1.6%
    • It may be a buying opportunity, as BlackRock CIO for fixed income Jeffrey Rosenberg tells Bloomberg U.S. rates may look low, but they're actually pretty high when compared to the rest of the developed world.
    | Tue, Apr. 12, 3:41 PM
  • Thu, Apr. 7, 3:21 PM
    • The 10-year Treasury yield is lower today by seven basis points to 1.69%, a level last seen in mid-February - right around the time of the year's panicky start.
    • The move comes as stocks have one of their worst sessions since that bottom, with the S&P 500 down 1.35%.
    • The iShares Barclays 20+ Year Treasury Bond ETF (NYSEARCA:TLT) is higher today by 1.2% and for the year by 10.1%. It's levered short cousin and consistent consumer of capital TBT is down 2.3% today and 20% YTD.
    • Now read: TBT Is The Best Inverse Bond ETF On The Market
    | Thu, Apr. 7, 3:21 PM | 7 Comments
  • Wed, Apr. 6, 2:36 PM
    • The minutes didn't unveil any big surprises, especially given the Fed's updated projections that were released alongside the mid-March meeting, Janet Yellen's post-meeting press conference, and then her dovish remarks last at a speech last week.
    • Clearly shaken up by the volatility that took hold after their initial hike in December, the Fed is going to be very cautious about any more monetary tightening. Barring major unforeseen circumstances, a rate hike in late April doesn't appear likely, but June will surely be a "live" meeting.
    • The 10-year Treasury yield is higher by three basis points to 1.76% and 30-Day Fed Funds Futures point to about a one-in-three chance of a 25 basis point move in June.
    • TLT -0.7%, TBT +1.4%
    • Now read: Why It's (Seemingly Always) Time To Buy Treasuries
    | Wed, Apr. 6, 2:36 PM
  • Fri, Apr. 1, 1:13 PM
    • iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) - monthly distribution of $0.2215. 30-Day Sec yield of 2.10%.
    • iShares Barclays 20 Year Treasury Bond Fund ETF (NYSEARCA:TLT) - monthly distribution of $0.2704. 30-Day Sec yield of 2.48%.
    • iShares iBoxx $ High Yield Corporate Bond Fund ETF (NYSEARCA:HYG) - monthly distribution of $0.3793. 30-Day Sec yield of 6.98%.
    • iShares S&P National Municipal Bond Fund ETF (NYSEARCA:MUB) - monthly distribution of $0.1824. 30-Day Sec yield of 1.46%.
    • iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (NYSEARCA:LQD)- monthly distribution of $0.3322. 30-Day Sec yield of 3.42%.
    • iShares Barclays 1-3 Year Treasury Bond Fund ETF (NYSEARCA:SHY) - monthly distribution of $0.0506. 30-Day Sec yield of 0.74%.
    • Payable Apr. 7; for shareholders of record Apr. 5; ex-div Apr. 1. 30-Day Sec yield as of 03/30/2016.
    | Fri, Apr. 1, 1:13 PM
  • Fri, Apr. 1, 11:25 AM
    • The relationship between the Citigroup U.S. Economic Surprise Index and the 10-year Treasury yield has been a pretty steady one - when one rises, so does the other. There's been a divergence of late though, with the data since the year began consistently topping expectations, but the Treasury yield falling.
    • The Bondvigilantes wonder whether it's dovish Fed rhetoric knocking maybe 60 basis points from 10-year yields.
    • Also maybe at work are the actions of global central banks - benchmark rates in Europe and Japan are below zero, the German 10-year Bund yield is 0.15%, and 10-year JGBs are at negative six basis points! Even Italian 10-year yields are at 1.22%. By comparison, the 10-year U.S. Treasury near 2% is positively towering.
    • ETFs: TBT, TLT, TMV, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, VGLT, TLH, SBND, IEI, TYO, UBT, UST, DLBS, DTYS, TLO, VGIT, TBX, SCHR, ITE, GSY, LBND, TYD, DTYL, VUSTX, DLBL, TYBS, DFVL, TBZ, DFVS, TYNS
    | Fri, Apr. 1, 11:25 AM | 9 Comments
  • Fri, Apr. 1, 8:40 AM
    • Alongside 215K jobs created in March (vs. expectations for 205K), February's 242K gain was revised higher by 3K, and January's 172K to 168K, so we'll call revisions a wash.
    • The wage growth number has become the important one of late, and in March hourly average earnings increased $0.07 to $25.43 following February's $0.03 decline. On a Y/Y basis, average hourly earnings are higher 2.3%.
    • The average workweek was flat at 34.4 hours (where can I get that job?).
    • Likely causing the tick higher in the headline unemployment rate was a tick higher in the labor force participation rate to 63% from 62.9%. The broader U-6 unemployment rate rose to 9.8% from 9.7%. A year ago it was 10.9%.
    • Already up two basis points ahead of the NFP report, the 10-year Treasury yield remains so at 1.79%. TLT -0.2%, TBT +0.4%
    • Previously: Jobs inline, unemployment rate ticks higher (April 1)
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    • Now read: Implications Of Increasing Amplitudes In Boom-Bust Cycles (April 1)
    | Fri, Apr. 1, 8:40 AM | 4 Comments
  • Thu, Mar. 31, 3:31 PM
    • Like gold - which is closing its best quarter in three decades - Treasury prices benefitted from the panic in risk assets to being the quarter. Even with the major bounce in markets since mid-February, Treasurys managed to hold on to enough of their gains for yields to fall the most since the end of 2012.
    • The 10-year yield is lower by another five bps today to 1.78% (they began the year at about 2.25% and fell as low as 1.52% at the market bottom).
    • The bull run for Treasurys is happening even as the employment and housing markets continue to pick up steam. “It is hard to figure out what is really going on with the disconnect between data and the bond market,’’ says one trader, summing up the frustration for the bears. “Am I missing something?’’
    • "I don’t think the Treasury yield curve is sending purely economic signals these days as the U.S. economy is likely stronger than the curve suggests,’’ says a portfolio manager.
    • Previously: Money poured into fixed-income ETFs in Q1 (March 31)
    • Now read: Why It's (Seemingly Always) Time To Buy Treasuries
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL
    | Thu, Mar. 31, 3:31 PM | 3 Comments
  • Tue, Mar. 29, 12:32 PM
    • To review, the result of the FOMC's meeting less than two weeks ago was a notably dovish one, with the central bank cutting its expectation of rate hikes this year to just two from four. However, Fed speakers since then have tried to walk back that sentiment, with two of them even suggesting a rate hike as a possibility as soon as April.
    • In her speech today (Q&A still to come) Fed boss Janet Yellen resets things to how they were just after the FOMC meeting, telling an audience caution on rate hikes is "especially warranted" for now, and reminding that the bank has "considerable scope" for further stimulus.
    • The S&P 500 (SPY +0.5%) has swung from loss to gain, and gold (GLD +1.4%) has shot to new session highs.
    • Meanwhile, the 10-year Treasury yield has fallen six basis points to 1.825%, with TLT +0.7%, and the bid for the dollar (UUP -0.6%) has vanished.
    | Tue, Mar. 29, 12:32 PM | 45 Comments
  • Thu, Mar. 24, 9:05 AM
    • St. Louis Fed President yesterday pushed along a rally in the dollar and tumble in gold with his hawkish comments, and he's back at it again this morning, saying the next rate hike may not be far off.
    • What we've seen over the past few days is a furious attempt by the Fed to walk back what was perceived as a very dovish result to last week's FOMC meeting - which included updated projections showing a median forecast of just two rate hikes this year (vs. four previously).
    • Futures markets are currently pricing in a less than one-in-five chance of a rate hike in April. With respect to rate hikes, markets have had it all right and the Fed all wrong up to now. Bullard, who has been a leading hawk, leading dove, and now leading hawk again - all within the space of a few months - insists the Fed's credibility remains intact.
    • The 10-year Treasury yield is lower by one basis point at 1.86%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Thu, Mar. 24, 9:05 AM | 10 Comments
  • Tue, Mar. 22, 11:51 AM
    • According to a bank survey, the share of "long" investors adding to long-dated U.S. government paper rose to 21% this week from 16% previously. This follows the FOMC last week cutting its expectations for rate hikes this year by half to just two.
    • The share of "short" investors holding fewer long-dated Treasurys fell to 19% from 25%.
    • Longs outnumbered shorts by 200 basis points vs. a week earlier when shorts outnumbered longs by 900 bps.
    • The 10-year Treasury yield is lower by three basis points today to 1.89%. Ahead of the Fed last week, it was pushing 2%.
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX
    | Tue, Mar. 22, 11:51 AM
  • Tue, Mar. 22, 4:34 AM
    | Tue, Mar. 22, 4:34 AM | 4 Comments
  • Thu, Mar. 17, 8:42 AM
    • The diffusion index rallied to 12.4 in March from -2.8 in February, putting it into positive territory for the first time in seven months. New orders jumped by 21 points to 15.7, with nearly 37% of firms reporting an increase this month.
    • Unfilled orders rose 11 points and delivery times gained 16 points. While unfilled orders remains slightly in negative territory, delivery times went positive for the first time in 11 months.
    • The index for activity six months out rose to 28.8 from 17.3. It's the highest read in four months.
    • The 10-year Treasury yield has moved from 1.85% to 1.89% since the strong print. It's still lower by one basis point on the session. TLT +0.65%, TBT -1.3%
    | Thu, Mar. 17, 8:42 AM
  • Wed, Mar. 16, 2:18 PM
    • A big cut in Fed expectations for rate hikes this year has buyers interested in Treasurys again, with the 10-year Treasury yield down about six basis points to 1.92% since the news hit. The central bank now anticipates just two moves this year vs. four expected at its December meeting. TLT +0.25%, TBT -0.5%
    • Stocks initially got a sizable boost following the dovish news, but are now just marginally higher. S&P 500 (SPY +0.1%), Nasdaq 100 (QQQ +0.3%)
    • Gold is up a full $17 per ounce since word hit, now ahead 1.2% on the session to $1,247 per ounce. GLD +1.1%
    • Alongside all that, bids are vanishing for the dollar (UUP -0.6%)
    • Previously: Fed bows to markets (March 16)
    • Previously: Fed stays on hold, sees just two rate hikes this year (March 16)
    | Wed, Mar. 16, 2:18 PM | 13 Comments
  • Wed, Mar. 16, 8:57 AM
    • Inflation is starting to perk up, with the core rate up 0.3% for the 2nd consecutive month in February. Expectations had been for just 0.2% rise.
    • On top of that, housing starts gained 5.2% to a seasonally-adjusted annualized pace of 1.178M. Single-family starts jumped 7.2% to 822K - the highest level since November 2007.
    • Hanging around 1.95% ahead of the two numbers, the 10-year Treasury yield rose to as high as 1.99%, and is currently up one basis point on the session to 1.98%.
    • TLT -0.1%, TBT +0.2% premarket
    | Wed, Mar. 16, 8:57 AM
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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