Reported about 1 year ago
The biggest long-duration bond ETF, BlackRock Inc.'s iShares 20+ Year Treasury Bond ETF, attracted a record $2.7 billion inflow in a day, totaling $4.4 billion for the year, despite experiencing a nearly 3% loss. Investors are shifting portfolios mid-year and betting on a Federal Reserve interest rate cut, with an index tracking Treasuries showing a 1.7% gain in June, leading to its best monthly performance in 2024 and almost wiping out losses for the year. Fed officials predict a 25 basis point cut by year-end, while the market anticipates deeper cuts. Traders 'fight the Fed' as they position for potential rate changes.
Source: YAHOO