A bullish report on manufacturing yesterday made it less likely for the Fed to add more monetary stimulus to the economy, causing most bond prices to fall and yields to increase, according to an article on the Wall Street Sector Selector.
John Nyaradi, editor of the Wall Street Sector Selector, illustrated in the article how the news affected the following funds:
- iShares Barclays 20+ Year Treasury Bond Fund ETF (NYSEArca: TLT) -0.52 percent
- ProShares UltraShort 20+ Year Treasury Bond ETF (NYSEArca: TBT) +0.97
- iShares iBoxx $ Investment Grade Corporate Bond Fund ETF (NYSEArca: LQD) -0.19
- iShares Barclays Aggregate Bond Fund ETF (NYSEArca: AGG) -0.04
However, the iShares Barclays Treasury Inflation Protected Securities Bond Fund ETF (NYSEArca: TIP), rose +0.04 percent, the article said.
To read the Nyaradi’s full perspective, visit the WallStreetSectorSelector.com.