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iShares 7-10 Year Treasury Bond ETF (IEF)

  • Jun. 11, 2013, 7:15 AM
    Bond yields stay on the rise, the 10-year Treasury up 5 bps to more than a one-year high of 2.27%. The long bond is up 2 bps to 3.4%. TLT -0.4%, TBT +0.6% premarket.
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  • Jun. 6, 2013, 7:28 AM
    Add SocGen's professional bear Al Edwards to those doubting (previous) an imminent tapering: "I might be wrong, but I just don't see this economy as healthy," he tells CNBC. "If I am right than any sharp rise in bond yields (TLT) should quickly derail this apology of a recovery." The monthly jobs report (25 hours away) is definitely popcorn-worthy again.
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  • Jun. 5, 2013, 8:22 AM
    Stock index futures shave a little from losses as Treasury prices rise following the weak ADP print. In addition to the soft 135K in job gains, April's increase is adjusted down by 6K to 113K. ADP's Carlos Rodriguez notes an increase of 5K construction jobs in May was offset by 6K jobs lost in manufacturing. SPY -0.2%, TLT +0.7% premarket. (full report)
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  • Jun. 4, 2013, 4:49 PM
    More Gundlach (previous): "If we put another 60 bps onto yields in the month of June like we almost did in May, I think there is no way you would see markets continue to digest it in a calm fashion," he says, making the case for Treasurys (TLT, TBT). Somewhere in the area of 2.35% on the 10-year (2.13% now) would force the Fed's hand and you might even see expanded QE.
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  • Jun. 4, 2013, 12:31 PM
    "Current conditions represent a buying opportunity for bonds (TLT, LQD) says Jeff Gundlach, appearing on CNBC. Higher interest rates will prove too damaging to certain sectors and he expects the 10-year Treasury - currently at 2.13% - to head back below 2% into the summer and fall. Nikkei (EWJ, DXJ)? In the mid-12s, it's a buying opportunity. Apple (AAPL)? He was a buyer in the low $400s and $500 is a chip shot, but it may never see $700. Chipotle (CMG)? He never got filled on his short at $380, but would give it a shot again.
  • Jun. 3, 2013, 8:47 AM
    Did Apple's (AAPLmammoth $17B bond sale mark the top for bonds? Ten-year Treasury yields bottomed for the year at about 1.62% right at the time of the offering and have gone vertical since (currently at 2.16%). A back-of-the-envelope calculation finds the company pocketing $724M in savings over the life of the paper by borrowing at the end of April vs. the end of May. TLT -7.6%, LQD -3.7% during May.
  • May. 31, 2013, 7:02 AM
    "It's hard to believe that the greatest bond bull market in history will end without some bloodshed," writes BAML chief investment strategist Michael Hartnett. "Risks of a bond crash are high." He notes major breakouts to the upside in equity markets often coincide with "major inflection points in bond yields." Treasurys this morning are taking a breather from recent losses, the 10-year yield off 4 bps to 2.07%. TLT +0.5% premarket.
  • May. 29, 2013, 8:29 AM
    Treasurys are no longer a sell, says Goldman, closing out its (highly profitable) short in the 10-year note this morning. (via Doug Kass). Higher earlier, the 10-year yield is now 1 bp lower on the session at 2.15%. TLT +0.7% premarket, TBT -0.9%.
  • May. 29, 2013, 7:12 AM
    Treasury prices (TLT, TBT) are getting no bounce from declining equity markets worldwide, the yield on the 10-year rising another 2 bps to 2.18%. The belly of the curve (FIVZ, IEI, TBZ, VGIT) gets it worse, with the 5-year jumping another 5 bps to 1.07%.
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  • May. 28, 2013, 10:29 AM
    Stocks are at session highs following the Consumer Confidence beat, the DJIA (DIA +1.4%) up 214 points. In addition to the bounce to 76.2 for the composite, the Present Situation Index rose to 66.7 from 61 and Expectations jumped to 82.4 from 74.3. The labor market outlook is more upbeat, with those expecting more jobs in coming months rising to 16.8% from 14.3%. Treasurys (TLT -1.2%) sell off, the 10-year yield touching a 2013 high of 2.08%.
  • May. 28, 2013, 4:20 AM
    It was an ugly day in fixed-income - (TLT -2.6%), (LQD -1%) - the 10-year Treasury yield up 15 bps to a 13-month high of 2.16%. Maybe more troubling for those borrowing short and lending long is a 12 bp jump in the 5-year yield to 1.01% (its up from 0.65% in a month), and a 4 bp pop in the 2-year yield to 0.28%. It was shoot first, ask questions last for many income plays such as mREITs (MORT -2.8%), equity REITs (HCN, HCP), utilities, and leveraged income funds (PHK). Owners of the leveraged short Treasury Fund (TBT +5.3%) throw a party, now up 16% in a month.
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  • May. 22, 2013, 10:42 AM
    Bernanke: Stocks continue with solid gains as the chairman suggests the Fed may never sell the massive assets it's accumulated, instead just letting them roll down. Most interesting are Treasury prices (TLT -1.1%) rolling over - the 10-year yield sunk to 1.89% as Bernanke's soft comments hit the tape, but has reversed to now threaten 2%. Gold (GLD +0.6%) has given up much of its knee-jerk gains, and the dollar (UUP +0.3%) is having none of it, higher across the board, particularly vs. the aussie (FXA -1.1%), yen (FXY -1%), and loonie (FXC -0.6%).
  • May. 20, 2013, 9:47 AM
    UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK).
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  • May. 16, 2013, 10:10 AM
    More on Philly Fed: The big miss is another in a line of weak data points this morning. The decline was led by a steep drop in shipments to -8.5 from +9.1. Also notable is a big jump in inventories to +4.1 from -22.2. Employment worsened to -8.7 from -6.7. The percentage of firms reporting employment decreases was 22% vs. those reporting increases at 14% - a number sure to cross the desk of the FOMC doves this morning. Treasurys have had a tough May, but they're bouncing today, TLT +1.2%. The leveraged bear ETF: TBT -2.4%. Stocks give up early gains (DIA -0.2%).
  • May. 16, 2013, 8:38 AM
    SPY -0.3% premarket, giving up small early gains after a big jump in jobless claims and a rather shocking decline in housing starts. Starts were off 16.5% from March, but up 13.1% Y/Y. On a more hopeful note, building permits were up 14.3% from March, up 35.8% Y/Y. Treasurys catch a bid, TLT +0.5% premarket. Homebuilders ETF: XHB -0.2%.
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  • May. 13, 2013, 8:50 AM
    Stock index futures move to session highs following the big beat on retail sales, SPY -0.1% premarket. Excluding a 4.7% decline in gasoline sales, retail spending grew 0.6% in April. Bond prices continue their recent slide, the 10-year note off half of a point. The yield may challenge 2% today. TLT -0.9% premarket.
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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.
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Country: United States
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