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iShares 7-10 Year Treasury Bond ETF (IEF)

  • Jun. 25, 2013, 12:42 PM
    Even if the Fed continues with ZIRP, there's still plenty of room for rates to rise at the long end, with Brian Wesbury noting the average peak of past Fed easing cycles saw the 10-year Treasury/Fed Funds spread at more than 3.5% vs. just over 2.5% today. TLT -0.3%, TBT +0.6%.
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  • Jun. 24, 2013, 2:55 PM
    Stocks cut a big chunk of their losses and Treasurys turn green as a number of Fed speakers downplay talk of any imminent tightening of monetary policy. Such talk from Dudley and Kocherlakota was to have been expected, but the hawkish Richard Fisher warning the "feral hogs" of the market not to mess with the Fed caught traders' attention. The Dow (DIA -0.4%) now off 55 points, and the 10-year Treasury yield - up as high as 2.66% earlier - falls to 2.52%. TLT +0.8%, TBT -1.7%.
  • Jun. 24, 2013, 7:26 AM
    The Fed's Friday afternoon attempt to soothe tightening fears and tumbling overseas markets are not generating the usual bid for Treasurys which continue their declines, TLT -0.5% premarket and the 10-year Treasury yield gaining another 5 bps to 2.58%. The 5-year yield (IEI) is up another 6 bps to1.49% - a pretty big number if you believe ZIRP stays in place for another 2 years. The dollar remains, well-bid, UUP +0.3% premarket.
  • Jun. 20, 2013, 8:09 AM
    The market's take on the Fed yesterday is inline with Jon Hilsenrath's who says the central bank's more optimistic economic projections opens the door to the end of QE within a year. Bill Gross (BOND) says the market's got it all wrong, focusing on rising growth and employment projections, but ignoring falling inflation estimates. "Those selling Treasurys (TLT, TBT) in anticipation the Fed will ease out of the market might be disappointed."
  • Jun. 20, 2013, 6:49 AM
    The post-FOMC slide looks set to continue at the open with S&P 500 (SPY) futures -0.9% and Nasdaq 100 (QQQ) -1%. Markets around the globe all closed sharply in the red overnight and Europe is off more than 2%. There's no flight to fixed income either, with the 10-year Treasury yield continuing to fly higher, now at 2.43%. TLT -1.9%, TBT +4.6% premarket.
  • Jun. 19, 2013, 2:13 PM
    Bond prices (TLT -0.7%) slip following the more upbeat assessment of the economy from the FOMC. Higher growth and lower unemployment projections spell maybe a quicker schedule for tapering and eventual tightening, but materially lower inflation expectations say the opposite. Stocks give up a bit of ground as well, the S&P 500 (SPY -0.3%). The dollar (UUP +0.3%) pops higher across the board.
  • Jun. 19, 2013, 12:09 PM
    Calling long-dated U.S. Treasurys (TLT, TBT) the most hated asset class in the world (ed: They've been so for years), Jeff Gundlach - appearing on CNBC - calls them the one place where you can make money over the coming weeks. "There are no signs of inflation anywhere."
  • Jun. 17, 2013, 12:56 PM
    More from Zulauf at Barron's: Taking issue with the gathering consensus of a stronger economy and the Fed pulling back, Zulauf suggests bond yields (TLT, TBT) may have stopped rising and could be set to fall. In conjunction with that view, noncyclical names (XLU, XLV) could be set for a comeback at the expense of cyclical sectors (XLV, XLB, XLE).
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  • Jun. 14, 2013, 2:37 PM
    The anti-QE rhetoric is building just in time for next week's FOMC meeting, as Guggenheim's Scott Minerd channels his inner Bill Gross, calling the Treasury market (TLT, TBT) a "ponzi scheme." "The only reason investors would buy Treasurys today is that they expect the Federal Reserve will buy them at higher prices in the future," Minerd tells clients. The longer the Fed's bond buying continues, "the more volatility-inducing pressure will build."
  • Jun. 13, 2013, 1:10 PM
    Treasury prices (TLT +0.6%) slide off the session highs as the 30-year auction prices the long bond at 3.355% vs. the when-issued yield of 3.324%. Stocks don't seem to mind, the S&P (SPY +0.7%) climbing to about the day's high.
  • Jun. 12, 2013, 10:15 AM
    As a shaky bond market (TLT -0.8%) helps snuff out an early rally for stocks, Bill Gross reminds the Fed isn't hiking rates for years, and it makes intermediate-term Treasurys a buy at yields greater than 2%. The 10-year yield is up 3 bps to 2.22%. Treasury ETFs (long and short) in the 7-10 year range: IEF, PST, ITE, TENZ, TYNS, UST, VGIT, TBX, GVI.
  • Jun. 11, 2013, 10:19 AM
    Price matters and even though Bill Gross declared the secular bond bull market over 6 weeks ago, the 10-year Treasury (TLT) north of 2.2% is starting to hold some appeal. It's a "decent environment to earn your carry," he says. The Total Return Fund (BOND ... is not as vulnerable as investors believe it to be as witnessed in May."
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  • 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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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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