Europe’s Debt Crisis and Bond ETF Flows
Tuesday, May 11th, 2010
Gary Gordon submits:
Europe’s debt crisis created a short-term windfall for holders of longer-term U.S. Treasuries, particularly holders of iShares 20+Year Treasury (TLT). Yet it’s clear that few believe those price gains will stick.
Short-term bond ETFs that track issues on the shorter end of yield curves experienced $500+ million in net new assets for April. Popular funds in this space included iShares 1-3 Corporate Credit Bond (CSJ) and Vanguard Short-Term Bond ETF (BSV).
