This Bond Has Been Stronger Than Stocks Of Late
Chris Kimble | Nov 03, 2020 09:32AM ET
The S&P 500 and the NASDAQ don’t have much to brag about over the past 90-days, as their performance has been near flat.
It also hasn’t paid a great deal to be long bonds, as popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has declined over 6%.
What asset has it paid to own over the last 90-days? How about iProShares Short 20+ Year Treasury (NYSE:TBF)
This table looks at the performance of the SPY, NASDAQ100, and long/short bonds over the past 90-days.
As you can see, Inverse bond ETF (TBF) has done well the past 90-days, outperforming stocks.
Is this just a blip of outperformance by bonds or the start of a much bigger trend (the 40-year bond bull market is over)?
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