US Treasuries Set To Break Even After Rocky First Half Of 2024
Portfolio Pulse from Michael Juliano
U.S. Treasuries are set to break even after a volatile first half of 2024, with a Bloomberg index showing a slight decline of 0.1% for the year. The rebound is attributed to expectations of falling U.S. prices and potential Federal Reserve interest rate cuts. Key ETFs like SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares 20+ Year Treasury Bond ETF (TLT) showed mixed pre-market performance.
June 20, 2024 | 1:43 pm
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NEGATIVE IMPACT
iShares 7-10 Year Treasury Bond ETF (IEF) declined 0.4% in pre-market trading, reflecting investor caution amid mixed signals about future interest rate cuts.
IEF's decline suggests that investors are cautious about medium-term U.S. Treasury bonds, likely due to uncertainty about the timing and extent of future interest rate cuts.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iShares 20+ Year Treasury Bond ETF (TLT) fell 1% in pre-market trading, indicating concerns over long-term U.S. Treasury bonds amid ongoing interest rate uncertainty.
TLT's decline indicates that investors are wary of long-term U.S. Treasury bonds, likely due to ongoing uncertainty about future interest rate cuts and economic conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) remained flat before Thursday’s opening bell, indicating stability in short-term U.S. Treasury investments.
BIL's flat performance suggests that short-term U.S. Treasury investments are stable, reflecting investor confidence in the near-term outlook for U.S. Treasuries.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70