FYI: Mounting recession worries of late have taken a bite out of stocks, but heightened fears that an economic contraction may be near has lit a fire of buying for US bonds. Long bonds in particular have soared recently, delivering stellar results, as shown by a set of exchange-traded funds representing the major slices of the US fixed income market.
Two funds on our list stand out for year to date performance: iShares 20+ Year Treasury Bond (TLT) and Vanguard Long-Term Corporate Bond (VCLT). This pair are neck and neck in 2019 through yesterday’s close (Aug. 15). TLT is up a sizzling 23.0%, trailed ever so slightly by VCLT’s 22.6% rally.
Regards,
Ted
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