ETF Based Bond Trend Indicators For The Week of November 8
11/08/2010 0 comments
| Asset Class | Symbol | 8 Nov Trend Score | Direction |
|---|---|---|---|
| US Total Bond | BND | 6% | First Week |
| International Treasury | BWX | 8% | First Week |
| Intermediate Term Credit | CIU | 10% | First Week |
| California Muni | CMF | 5% | First Week |
| Short Term Credit | CSJ | 4% | First Week |
| Intermediate Treasury | IEF | 14% | First Week |
| High Yield | JNK | 19% | First Week |
| Long Term Credit | LQD | 13% | First Week |
| MBS Bond | MBB | 7% | First Week |
| National Muni | MUB | 6% | First Week |
| New York Muni | NYF | 4% | First Week |
| Emerging Mkt Bonds | PCY | 20% | First Week |
| Treasury Bills | SHV | 0% | First Week |
| Short Term Treasury | SHY | 2% | First Week |
| Inflation Protected | TIP | 10% | First Week |
| 10-20Year Treasury | TLH | 13% | First Week |
| 20+ Year Treasury | TLT | 5% | First Week |
| International Inflation Protected | WIP | 12% | First Week |
Top Five Indicators
International treasury has risen dramatically recently mainly due to dollar weakness. The investment grade corporate bonds, along with municipal bonds have been very steady.
Bottom Five Indicators
The worst performers are treasury bonds, especially in the 20+ year ones. Again, it is telling that investors definitely have a negative outlook in a long term for fixed income.
In conclusion, bonds in general continue to do well. Investors should keep an eye on such euphoria outlook and watch carefully on the possible turn that eventually will happen: exceptional low rates have to come with a price and can only sustain for so long.
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