Much-Needed Cooling Off Or Risk-On Rally Ahead? Yields Tumble, Bonds Gain After October Jobs Report
Portfolio Pulse from Surbhi Jain
The October jobs report missed expectations, with non-farm payrolls increasing by 150,000 jobs, a steep decline from September's 297,000 jobs. This led to a decrease in Treasury yields and gains in exchange-traded funds invested in T-bonds. iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), Vanguard Long-Term Treasury ETF (NASDAQ:VGLT), iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL), and iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) all recorded gains.
November 03, 2023 | 3:41 pm
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POSITIVE IMPACT
SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL) was up 0.02% after the jobs report.
The ETF gained as a result of the decrease in Treasury yields following the jobs report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) gained 1.03% after the jobs report.
The ETF gained as a result of the decrease in Treasury yields following the jobs report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) was up 0.19% after the jobs report.
The ETF gained as a result of the decrease in Treasury yields following the jobs report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) was up 1.59% after the jobs report.
The ETF gained as a result of the decrease in Treasury yields following the jobs report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) gained 1.58% after the jobs report.
The ETF gained as a result of the decrease in Treasury yields following the jobs report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100