Sluggish Bond Auction Puts Pressure on Long-Term Treasury ETFs
May 09, 2014 at 07:30 AM EDT
With a tepid response to the latest U.S. Treasury auction on long-term debt, Treasuries exchange traded funds began to pullback late Thursday, foreshadowing the potentially changing sentiment in the fixed-income market. The iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT) reversed course...