FYI: t took more than a year to happen, but interest rates are finally rising again. On Monday, the U.S. 10-year Treasury yield leapt to as much as 2.73%, the loftiest level in nearly three years and decisively above of last year's high of 2.64%.
In turn, bond ETFs tied to the 10-year, such as the iShares 7-10 Year Treasury Bond ETF (IEF), tumbled (bond prices and yields move inversely). IEF is down 2% this year, while the broader iShares Core U.S. Aggregate Bond ETF (AGG), which holds Treasuries and other investment-grade bonds, is down 1%.
Regards,
Ted
http://www.etf.com/sections/features-and-news/surging-bond-yields-2018s-twist?nopaging=1
