Fed Pause Aside, Global Bond Sell-Off Ahead Of Powell Testimony Put Pressure On Treasuries: Are Rate Hikes Done Finally?
Portfolio Pulse from Bhavik Nair
Treasury yields jumped during the Asian trading session on Tuesday following a global bond sell-off. The yield on the 10-year U.S. treasury rose as much as 3.82%. The iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and the Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) shed 0.14% on Friday.
June 20, 2023 | 6:46 am
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NEGATIVE IMPACT
The iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) shed 0.14% on Friday amid global bond sell-off.
The global bond sell-off has put pressure on treasuries, causing the yield on the 10-year U.S. treasury to rise. This has led to a decline in the value of SHY, as investors may be concerned about the impact of rising yields on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) shed 0.14% on Friday due to the global bond sell-off.
The global bond sell-off has put pressure on treasuries, causing the yield on the 10-year U.S. treasury to rise. This has led to a decline in the value of VGSH, as investors may be concerned about the impact of rising yields on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80