Foreign Bonds Bounced Back Last Week
James Picerno | Nov 20, 2017 06:20AM ET
Fixed-income markets in developed and emerging nations topped the winners list last week for the major asset classes, based on a set of exchange-traded products. The gains mark the second week of flat to higher prices after two months of a downtrend for offshore bonds.
The SPDR Bloomberg Barclays International Treasury Bond (NYSE:BWX) was the strongest performer for the five trading days through November 17. The ETF increased 1.1%, followed by a 0.9% rise for last week’s second-strongest performer: VanEck Vectors JP Morgan Emerging Markets Local Currency Bond (NYSE:EMLC).
The softest corner of global markets last week: broadly defined commodities. The iPath Bloomberg Commodity (NYSE:DJP) slumped 0.7%, its first weekly decline since mid-October.
For the one-year trend, all the major asset classes are currently posting gains. The top performer: equities in emerging markets. Vanguard FTSE Emerging Markets (NYSE:VWO) is up a strong 29.7% for the 12 months through November 17.
Meanwhile, inflation-indexed Treasuries are in last place for the 12-month change. The total return for the iShares TIPS (NYSE:TIP) is a thin 2.3% as of Friday’s close vs. the year-earlier price.
Disclosure: Originally published at Saxo Bank TradingFloor.com
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.