TLT Investors Brace For Friday Inflation Data With Bond Market In Turmoil
Portfolio Pulse from Surbhi Jain
The iShares 20+ Year Treasury Bond ETF (TLT) has experienced significant declines, with a 12.85% drop over the past year and a 10% drop year-to-date. Investors are closely watching the upcoming PCE Price Index release, which could impact TLT's performance. Recent weak demand in U.S. government-debt auctions has caused Treasury yields to spike, further pressuring bond prices. Technical indicators for TLT remain bearish, and political uncertainties add to the complexity of the bond market outlook.
May 30, 2024 | 3:40 pm
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The iShares 20+ Year Treasury Bond ETF (TLT) has faced a 12.85% decline over the past year and a 10% drop year-to-date. Investors are anxiously awaiting the PCE Price Index release, which could provide relief if inflation data aligns with forecasts. However, recent weak demand in U.S. government-debt auctions has caused Treasury yields to spike, leading to further declines in bond prices. Technical indicators remain bearish, and political uncertainties add to the market's complexity.
TLT has been under significant pressure due to weak demand in U.S. government-debt auctions, causing Treasury yields to spike and bond prices to drop. The upcoming PCE Price Index release is critical; if inflation data is favorable, it could stabilize TLT. However, technical indicators are bearish, and political uncertainties further complicate the outlook.
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