Will Wednesday's Fed Minutes Spark A Sell-Off?
Chris Ciovacco
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Tue, May 21
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Measuring Inflation: All Signs Pointing UpJames Picerno • Thu, Apr 7, 2011 -
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Treasury Yield Snapshot: Anxiety Continues to IncreaseDoug Short • Mon, Oct 11, 2010
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Treasurys and Stocks Cannot Both Continue To RiseAvi Morris • Mon, Oct 4, 2010
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Will Wednesday's Fed Minutes Spark A Sell-Off?Chris Ciovacco • Tue, May 21 -
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There are no Transcripts on IEF.
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at CNBC.com (Mar 8, 2013)
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at CNBC.com (Jan 30, 2013)
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at CNBC.com (Sep 13, 2012)
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at MarketWatch.com (Jul 9, 2012)
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at MarketWatch.com (Mar 1, 2012)
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at MarketWatch.com (Aug 30, 2011)
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at MarketWatch.com (Aug 30, 2011)
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at MarketWatch.com (Aug 23, 2011)
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at MarketWatch.com (Aug 9, 2011)
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at MarketWatch.com (Jun 24, 2011)
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at MarketWatch.com (Jun 20, 2011)
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at MarketWatch.com (Apr 15, 2011)
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at MarketWatch.com (Apr 1, 2011)
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at MarketWatch.com (Mar 25, 2011)
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at CNBC.com (Dec 9, 2010)
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at CNBC.com (Dec 3, 2010)
IEF vs. ETF Alternatives
IEF Description
The iShares Barclays 7-10 Year Treasury Bond Fund seeks to approximate the total rate of return of the intermediate-term sector of the United States Treasury market as defined by the Barclays Capital U.S. 7-10 Year Treasury Bond Index.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Key Info
- In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Government Bond ETFs
- Asset Class Performance: Bonds
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- | On the move
- Sunday, November 25, 2012, 8:05 PM "It's my worst nightmare," says a long-only bond fund manager. "There's nothing I can do - the checks come in every day, and I have to invest (the money)." Aging baby boomers following conventional wisdom by steering their accounts away from stocks and to fixed income at these low rates could get a very expensive lesson, writes Jonathan Trugman. (see also) 38 Comments [U.S. Economy]
- Tuesday, November 20, 2012, 5:11 PM What is the risky asset, asks Jim Grant, scratching his head over the worldwide move into fixed-income paper "certified" as safe (I, II, III), even as the actions of central banks make them "certifiably unsafe." Calling the fiscal cliff the Y2K of 2012, Grant says time is better spent searching for cheap assets (MetLife previously). "Stocks bought well are going to do well. Bonds yielding nothing are not." 1 Comment [Quick Ideas]
- Monday, November 19, 2012, 1:40 PM "We are in the midst of a major deleveraging in the entire developed world," says BlackRockCIO Rick Rieder, with a rare kind word for those piling into "safe" assets like Treasurys and high-grade corporate debt. He points to an unprecedented aging of the population as keeping a lid on growth. Instead of losses, just maybe a backup in rates will bring forth another wave of cash now sitting on the sidelines. 1 Comment [U.S. Economy, Global & FX]
- Tuesday, November 6, 2012, 12:33 PM Jeff Gundlach backs up his public caution on longer-dated Treasurys by taking the modified duration of his Total Return Fund to just 1.59 (the fund would lose 1.59% in value in the case of an immediate 100 bp rise in rates). By comparison, Pimco's Total Return Fund is at 4.02. 1 Comment [U.S. Economy]
- Monday, November 5, 2012, 10:41 AM The Treasury market is pricing in an Obama victory, says Janney's Guy LeBas, as southward-heading yields suggest no imminent change to monetary policy. Left unexplained by LeBas is how a Romney victory would change monetary policy. Besides, many suspect the Fed runs the President, not the other way around. 5 Comments [U.S. Economy]
- Thursday, November 1, 2012, 2:25 PM Should Treasury yields rise on back of a Romney victory, use the price weakness to buy, says Pimco's Josh Timons. The conventional wisdom - that the Fed becomes more hawkish with Romney as president - is likely wrong, with even the candidate himself backing away from the "fire Bernanke" attitude which served well in the primaries. 7 Comments [U.S. Economy]
- Monday, October 29, 2012, 8:46 AM Pessimism grows at businesses, an NABE survey finding about two-thirds of corporate economists see GDP growth of just 1.1%-2% over the next year, nearly double the amount expecting such 3 months ago. Just 5% of those surveyed expect growth exceeding 3%. Priced in? Those buying the long bond at less than a 3% yield better hope not. 2 Comments [U.S. Economy]
- Tuesday, October 23, 2012, 2:56 PM Treasury bond holdings at Bill Gross' Total Return Fund stood at just 9% of assets on Sept. 30, according to Morningstar, down sharply from 21% at the end of 2011. The move echoes a costly one Gross made at the start of 2011. One difference - much of the money pulled out of Treasurys has gone into TIPs, which now account for 11% of fund holdings. 5 Comments [U.S. Economy]
- Tuesday, October 23, 2012, 1:00 PM Treasury bond bulls as far back as memory goes, Hoisington and Hunt remain so, explaining how Federal Reserve actions serve to slow economic activity. Rising CPI during QEs I and II "had a devastating effect on workers' incomes," they write. Bernanke's wealth effect is a myth, they say, with zero benefit for those with incomes less than $130K, and negligible help for those over. As always, a great read. 6 Comments [U.S. Economy]
- Friday, October 19, 2012, 2:18 PM A nice chart from Goldman makes clear the risk in holding long-term Treasury paper at these yields. While a 100 basis points increase in rates hurts anyone holding Treasurys, low yields effectively lengthen a bond's duration, making a rise in rates especially painful. Rates were high enough in the 80s that even a 100 basis point spike in yields still left Treasury owners with a positive return - now that's good risk/reward. 1 Comment [U.S. Economy]
- Thursday, October 11, 2012, 8:23 AM Bonds are expensive, but so is hurricane insurance in Louisiana, writes Keith McCullough, recommending everyone's favorite hated asset as protection against a slowing economy and Bernanke's bubbles. Oct. 2012 is reminding him of Oct. 2007, when investors were more concerned with the past (double-digit gains YTD) than the future (sliding earnings). Also good insurance: The dollar (UUP) and utilities (XLU). 2 Comments [U.S. Economy]
- Tuesday, October 9, 2012, 7:32 AM A chart "that should scare every bond investor," the yield on the 10-year Treasury has slipped below the S&P 500 dividend yield. The last time it happened - for a brief period during the financial crisis - Treasury yields were about 100 basis points higher a few weeks later. 5 Comments [U.S. Economy]
- Tuesday, October 2, 2012, 8:18 AM JPMorgan's Treasury client survey shows a big bump in those short government bonds from 9% to 15%. The longs decline from 25% to 17%. Those neutral (the smart ones given that the Fed is in charge of rates across the curve) are at 68%. 2 Comments [U.S. Economy]
- Wednesday, September 19, 2012, 9:11 AM The Fed owns about half or even a majority of Treasurys across several different maturities along the yield curve. If we toss in holdings by China, Japan, and banks borrowing for free from the Fed, are there any real-money investors still holding U.S. government debt? 5 Comments [U.S. Economy]
- Saturday, September 15, 2012, 11:00 AM "Do you know what the loss would be on a 30-year Treasury if it went back ... just to the yield in force in 2011?" asks Jeff Gundlach, incredulous anybody would buy one (answer: 37%). If you need safety and yield, he says, buy Campbell Soup (CPB) instead. Listen to why the hot-shots at his firm would rather day-trade Facebook than divine the Treasury market. 48 Comments [U.S. Economy, Quick Ideas]
- Friday, September 14, 2012, 3:23 PM Deflation risk? As Treasurys plummet (TLT -2.4%), inflation-protected bonds (TIP +0.5%) move in the opposite direction. Michael Gayed tracks the ratio of TIP to the 7-10 year Treasury ETF (IEF) as a way to gauge inflation expectations, and it's spiked higher of late, suggesting far higher inflation fears. 12 Comments [U.S. Economy]
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Michael A. Gayed
Buy the dips still looks to be in place. TIP is not noticeably weaker than IEF. Defensive sectors still weak. Winter Resolution - Up. - View all 0 replies
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Michael A. Gayed
Interesting intraday action. Very strong "risk-on" move but somehow Treasuries (IEF) are near highs of the day after a strong recovery - View all 2 replies
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Robin Heiderscheit: Hah . . . I just got on SA and wondered if you noticed . . . small caps very weak the past two hours and microcaps now well below the open -
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Michael A. Gayed
If this is a true "risk-on" moment, shouldn'y the long bond TLT and IEF be collapsing? I remain highly skepticle and think EOD could shock. - View all 4 replies
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Michael A. Gayed: @Market_Maven - will have a better sense in the coming days if this is just a knee-jerk reaction or a true change.
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change is the only constant: CB announcement trapped (NY) equity shorts. If bond yields don't rise its (bear trap) Whipsaw!
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Michael A. Gayed
Inflation expectatinos may be coming backl. Watch daily difference between TIP and IEF. - View all 0 replies
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