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10-year Treasury yield slumps to new 2017 low

Published 08/29/2017, 08:19 AM
10-year Treasury yield slumps to new 2017 low
TBT
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UBT
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DLBS
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TMV
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TLT
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TYBS
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TMF
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TLH
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TBF
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SPTL
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TTT
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EDV
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VGLT
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  • To review, the 10-year yield stood at about 1.85% just ahead of November's election. Following that surprise result, it quickly jumped to about 2.20%, and rose to as high as 2.55% in January as investors priced in rate hikes, tax cuts, regulatory reform, and a surging economy.
  • Two rates hikes and several months of the new administration later, the yield has fallen all the way back to 2.11%. It's off four basis points today, with jitters over a North Korean missile launch the apparent cause.
  • As for monetary policy, Janet Yellen's Friday speech at Jackson Hole didn't touch on it, leaving investors continuing to speculate on the odds of a September move by the FOMC.
  • TLT +0.75%, TBT -1.5% premarket
  • ETFs: TLT, TBT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, UBT, TLO, DLBS, VUSTX, TYBS, DLBL
  • Now read: TLT Poised For A Breakout? Wouldn't Be A Plus For The Stock Market

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