Latest news with #TreasuryBondETF
Yahoo
a day ago
- Business
- Yahoo
DIA Leads Friday ETF Flows with $422M in AUM Gains
U.S.-listed ETFs attracted $2.4 billion in net inflows on Friday, May 30, wrapping up the shortened trading week on a positive note. The flows were fairly evenly split across categories, with U.S. equity, U.S. fixed income and international equity ETFs all pulling in healthy amounts of new money. Leading the pack was the SPDR Dow Jones Industrial Average ETF Trust (DIA), which brought in $422 million as investors leaned into blue-chip exposure. Not far behind was the Vanguard S&P 500 ETF (VOO), which saw $329 million of inflows, continuing its steady popularity among broad-market index investors. Also making the top inflows list were several thematic funds. The First Trust Dow Jones Internet Index Fund (FDN) drew fresh interest as investors looked toward internet and tech-related names. The Select Stoxx Europe Aerospace & Defense ETF (EUAD) also made a strong showing, underscoring continued investor appetite for defense-related themes amid ongoing geopolitical uncertainty. Meanwhile, the iShares 20+ Year Treasury Bond ETF (TLT) benefited from interest in long-duration Treasurys as yields remain elevated. On the flip side, outflows were led by the iShares Russell 2000 ETF (IWM), which has struggled to gain traction amid recent small-cap underperformance. The Invesco QQQ Trust (QQQ) and iShares 3–7 Year Treasury Bond ETF (IEI) also saw redemptions. For the full list of daily inflows and outflows for May 30, see the tables below. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change DIA SPDR Dow Jones Industrial Average ETF Trust 422.49 38,317.09 1.10% VOO Vanguard S&P 500 ETF 329.07 657,328.88 0.05% FDN First Trust Dow Jones Internet Index Fund 287.12 7,028.10 4.09% TLT iShares 20+ Year Treasury Bond ETF 266.90 50,806.39 0.53% EUAD Select STOXX Europe Aerospace & Defense ETF 241.98 1,066.98 22.68% RSP Invesco S&P 500 Equal Weight ETF 240.04 71,413.18 0.34% SPXL Direxion Daily S&P 500 Bull 3x Shares 235.75 5,254.99 4.49% QUAL iShares MSCI USA Quality Factor ETF 194.63 51,027.89 0.38% XLI Industrial Select Sector SPDR Fund 192.66 21,231.68 0.91% AGG iShares Core U.S. Aggregate Bond ETF 185.80 124,072.78 0.15% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change IWM iShares Russell 2000 ETF -773.08 62,351.19 -1.24% QQQ Invesco QQQ Trust Series I -754.09 333,877.88 -0.23% IEI iShares 3-7 Year Treasury Bond ETF -294.69 15,559.57 -1.89% XLF Financial Select Sector SPDR Fund -223.63 49,523.88 -0.45% VTV Vanguard Value ETF -216.61 133,168.02 -0.16% IEF iShares 7-10 Year Treasury Bond ETF -197.99 34,836.27 -0.57% IWD iShares Russell 1000 Value ETF -188.57 60,672.68 -0.31% BIL SPDR Bloomberg 1-3 Month T-Bill ETF -174.26 43,989.90 -0.40% FBTC Fidelity Wise Origin Bitcoin Fund -166.32 20,990.88 -0.79% IVV iShares Core S&P 500 ETF -148.22 582,357.14 -0.03% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 23.99 10,000.37 0.24% Asset Allocation 30.85 24,787.28 0.12% Commodities ETFs 121.84 211,236.53 0.06% Currency -241.00 144,168.86 -0.17% International Equity 575.68 1,790,098.36 0.03% International Fixed Income 285.44 290,701.72 0.10% Inverse 67.34 14,631.11 0.46% Leveraged 194.57 120,785.28 0.16% US Equity 687.79 6,784,436.67 0.01% US Fixed Income 625.80 1,664,401.70 0.04% Total: 2,372.30 11,055,247.88 0.02% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 days ago
- Business
- CNBC
A rough stretch for bonds may force some pension funds to sell stocks on Friday
The stock market is set to end May with strong returns, but that may actually work against equities on Friday. A note from the Goldman Sachs trading desk showed that U.S. pension funds are expected to sell $20 billion of equities as part of their month-end rebalancing. That total dollar value ranks in the 86th percentile for net buying or selling in similar rebalances since 2000, according to Goldman. The reason is many pension plans have target allocations for the relative value of their stock holdings versus other assets like bonds or private equity — a large scale version of the traditional 60/40 portfolio. And while stocks have had a banner month, bonds have struggled, meaning that some significant shifts are needed to bring the two groups back in balance when it comes to model portfolios. The SPDR S & P 500 ETF Trust (SPY) is up more than 6% month to date, while the iShares 20+ Year Treasury Bond ETF (TLT) is down nearly 4%. Short-term bonds have held up better, but even Vanguard's Short-Term Treasury ETF (VGSH) is still on track for a negative month. TLT 1M mountain Long-dated bonds have struggled in May. "We're not used to sort of seeing the volatility we've seen in bonds, as well, and especially when you're working with something like pension funds or on the institution side, these fund flows can be in the billions easily. And when you start to see those rebalances take shape rather quickly, it can definitely be a short- to intermediate-term needle mover," said Bret Kenwell, U.S. investment analyst at eToro. To be sure, the selling by pensions could be an opportunity for less rigid investors to buy. HSBC upgraded its view of U.S. stocks to neutral from underweight late Wednesday, in part because of light positioning among long-only investors. Friday could see a chance for some of those to jump back into stocks, especially if they are more confident after apparent progress on tariffs in recent weeks. "Whether it's the 90-days pause or whether it's pushing out deadlines with the EU or legal proceedings like we saw last night, I think there's this sort of belief on Wall Street that we've seen the worst of the tariff situation shake out and that we should continue to move toward continued de-escalation," Kenwell said. — CNBC's Michael Bloom contributed to this report.
Yahoo
27-05-2025
- Business
- Yahoo
‘Widow Maker' Bond-ETF Trade Delivers Fast Gains for Dip-Buyers
(Bloomberg) -- Dip buyers in the dangerous world of long-dated Treasury debt are enjoying a rare pay day — and fast. UAE's AI University Aims to Become Stanford of the Gulf Pacific Coast Highway to Reopen Near Malibu After January Fires NY Wins Order Against US Funding Freeze in Congestion Fight Investors over the past week poured $1.8 billion into BlackRock Inc.'s iShares 20+ Year Treasury Bond ETF (ticker TLT) — the most among all the 630 ETFs that Bloomberg tracks — just as longer-maturity government bonds sold off on fears over America's debt trajectory. The timing has proved fortuitous. In Tuesday trading, Treasuries rallied — pushing the 30-year yield below 5% — on optimism about trade negotiations between the US and the European Union, and as Japan signaled it may adjust debt sales to stabilize its bond market. TLT jumped 1.7% during the session, on track for its biggest daily rise since February. It's a rare win for an ETF trade that has earned a reputation as a so-called widow maker. True to its infamy, TLT has attracted some $49 billion in the past five years despite shedding more than 40% in that time horizon. 'Investors aren't letting TLT's widow-maker reputation scare them off,' said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. 'They're still buying in, holding on to hope that long-term Treasuries will finally bounce back.' For some time, bond investors have been demanding extra compensation for the risk of investing in longer-duration debt as Republican lawmakers haggled over President Donald Trump's signature tax-cut bill that would add trillions of dollars to already bulging budget gaps. Benchmark 30-year Treasury bonds surged above 5.1% last week to trade near the highest in almost two decades. But last week's buying streak in TLT suggests that a growing cohort of traders are betting that yields are high enough to entice buyers and compensate for the risks. Long-maturity bonds are most exposed to interest-rate risk, so they tend to rally the most when borrowing costs fall. 'Dip-buyers are trying to pick the bottom,' and long-term bonds give investors 'the biggest bang for your buck' because they are exposed to the most volatile part of the yield curve, said Byron Anderson, head of fixed income at Laffer Tengler Investments Inc. The iShares 10-20 Year Treasury Bond ETF (TLH) was also among the ETFs that attracted the most inflows over the past week, along with the iShares 0-3 Month Treasury Bond ETF (SGOV). Peter Tchir of Academy Securities is among those recommending long-bonds, saying the pessimism is overdone. Adding heft to his belief is the rally in global bonds after Japanese authorities signaled they are considering adjusting their debt plan. 'The situation wasn't as bad as the narrative,' said Tchir who recommended investors add duration last week. 'Positioning had swung from too bullish to too bearish fairly quickly, too.' Of course, TLT — which is almost as volatile as US stocks — isn't for faint hearts. In the options market, traders remain wary of further declines in long bonds. It costs more to buy put options in TLT than to purchase calls, a sign there is demand for downside protection. 'We believe the long end will continue to see term premium increase,' said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management. 'It's all about the fiscal, what is the right level to lend at to countries whose balance sheets are trending the way they are.' Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center Millions of Americans Are Obsessed With This Japanese Barbecue Sauce How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P.
Yahoo
27-05-2025
- Business
- Yahoo
‘Widow Maker' Bond-ETF Trade Delivers Fast Gains for Dip-Buyers
(Bloomberg) -- Dip buyers in the dangerous world of long-dated Treasury debt are enjoying a rare pay day — and fast. UAE's AI University Aims to Become Stanford of the Gulf Pacific Coast Highway to Reopen Near Malibu After January Fires Investors over the past week poured $1.8 billion into BlackRock Inc.'s iShares 20+ Year Treasury Bond ETF (ticker TLT) — the most among all the 630 ETFs that Bloomberg tracks — just as longer-maturity government bonds sold off on fears over America's debt trajectory. The timing has proved fortuitous. In Tuesday trading, Treasuries rallied — pushing the 30-year yield below 5% — on optimism about trade negotiations between the US and the European Union, and as Japan signaled it may adjust debt sales to stabilize its bond market. TLT jumped 1.7% during the session, on track for its biggest daily rise since February. It's a rare win for an ETF trade that has earned a reputation as a so-called widow maker. True to its infamy, TLT has attracted some $49 billion in the past five years despite shedding more than 40% in that time horizon. 'Investors aren't letting TLT's widow-maker reputation scare them off,' said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. 'They're still buying in, holding on to hope that long-term Treasuries will finally bounce back.' For some time, bond investors have been demanding extra compensation for the risk of investing in longer-duration debt as Republican lawmakers haggled over President Donald Trump's signature tax-cut bill that would add trillions of dollars to already bulging budget gaps. Benchmark 30-year Treasury bonds surged above 5.1% last week to trade near the highest in almost two decades. But last week's buying streak in TLT suggests that a growing cohort of traders are betting that yields are high enough to entice buyers and compensate for the risks. Long-maturity bonds are most exposed to interest-rate risk, so they tend to rally the most when borrowing costs fall. 'Dip-buyers are trying to pick the bottom,' and long-term bonds give investors 'the biggest bang for your buck' because they are exposed to the most volatile part of the yield curve, said Byron Anderson, head of fixed income at Laffer Tengler Investments Inc. The iShares 10-20 Year Treasury Bond ETF (TLH) was also among the ETFs that attracted the most inflows over the past week, along with the iShares 0-3 Month Treasury Bond ETF (SGOV). Peter Tchir of Academy Securities is among those recommending long-bonds, saying the pessimism is overdone. Adding heft to his belief is the rally in global bonds after Japanese authorities signaled they are considering adjusting their debt plan. 'The situation wasn't as bad as the narrative,' said Tchir who recommended investors add duration last week. 'Positioning had swung from too bullish to too bearish fairly quickly, too.' Of course, TLT — which is almost as volatile as US stocks — isn't for faint hearts. In the options market, traders remain wary of further declines in long bonds. It costs more to buy put options in TLT than to purchase calls, a sign there is demand for downside protection. 'We believe the long end will continue to see term premium increase,' said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management. 'It's all about the fiscal, what is the right level to lend at to countries whose balance sheets are trending the way they are.' Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Why Apple Still Hasn't Cracked AI Inside the First Stargate AI Data Center Millions of Americans Are Obsessed With This Japanese Barbecue Sauce How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-05-2025
- Business
- Bloomberg
‘Widow Maker' Bond-ETF Trade Delivers Fast Gains for Dip-Buyers
Dip buyers in the dangerous world of long-dated Treasury debt are enjoying a rare pay day — and fast. Investors over the past week poured $1.8 billion into BlackRock Inc. 's iShares 20+ Year Treasury Bond ETF (ticker TLT) — the most among all the 630 ETFs that Bloomberg tracks — just as longer-maturity government bonds sold off on fears over America's debt trajectory.
