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Treasury ETFs Rise as Obama Unveils Deficit Plan

By ETF Trends,  April 13, 2011, 05:02:45 PM EDT

Exchange traded funds (ETFs) that invest in Treasury bonds logged a second day of solid gains Wednesday after President Barack Obama announced a plan to cut the U.S. budget deficit by $4 trillion within 12 years.

Bond ETFs finished higher after the Treasury held an auction of 10-year notes and as investors waded through the Federal Reserve's Beige Book.

Treasury ETFs built on Tuesday's gains , when they rose as traders looked for shelter from the sell-off in stocks and commodities.

The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) was down 2.3% year to date heading into Wednesday's session with bond investors worried about rising interest rates and the U.S. debt load.

iShares Barclays 20+ Year Treasury





The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, ETFs

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