Opinions
Javed Mirza
iShares Barclays 7-10 Year Trasry Bnd Fd
IEF-Q
COMMENT
Feb 21, 2019
7 to 10 year treasury bond divergence. We will likely see a little rotation into this ETF. There is a triangular pattern where you have to watch and see which way it is going to break out of it. Short term equities are a little over bought and he thinks we will chop around for a couple of weeks.
$104.290
Stock price when the opinion was issued
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(A Top Pick May 1/13. Down 6.22%.) Bonds tend to do well from May into October when the money comes out of the stock market and tends to go into the bond market. But this year was a little bit different. Bonds got hammered. Probably a bit oversold. Sold his holdings at about $105 in May which was its support point. He might go back into this in August and September, which is the sweet spot for fixed income.
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A good hiding spot. Seasonally, this is where bonds do well until the beginning of October. Then, there will be better opportunities in the equities market. Bond investors are a lot more cautious than stock investors, so they're not buying into the market recovery. Bond yields may decrease even more. Yield is 1.42%.
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