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IEF: It's All About Lower Beta

Hale Stewart profile picture
Hale Stewart


  • Fed presidents mostly see slower 2H21 growth but no recession.
  • Inflationary spikes are viewed as transitory.
  • The IEF will likely head modestly lower.

Black Bull and Bear

peterschreiber.media/iStock via Getty Images

When I analyze an ETF that tracks the treasury market, I first look at inflation along with the Fed's latest interest rate policy announcement and economic projections. I recently wrote a piece on the TLT

5-Year Inflation Expectations

10-Year Inflation Expectations

This article was written by

Hale Stewart profile picture
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (4)

Every Bond yield up went up at least5% today.... How come this ETF dropped < 1% today. November 10
These Fed people and all their friends should get out in the real world to see what's happening to companies and people.
The question for me is why own this thing (IEF) at all.

Even you said it will probably lose money when rates go up a bit so why bother.

Better to own individual bonds that can be held to maturity if you have to hold bonds.

And maybe there should be a discussion: Do you need bonds?
@Carol888 I trade the options on it.
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