iShares Trust Lehman 20 Year Treasury Bond Fund (TLT) $93.84 -0.79%
Trounced on write-down talk. Bonds were taken down midday after Standard & Poor?s, the credit agency that was blindsided by the subprime blowup in the first place, said that the bulk of the write-downs might be behind the banks and brokers. The benchmark ten-year Treasury, which was running solidly higher for a second day, sold off shortly thereafter and has dipped back to unchanged for the day. The iShares Long-Term Treasury Bond fund (TLT) is down 85 cents to $93.73 and TLT put volume (26,000 contracts) is outpacing call volume by a margin of more than 10-to-1.
Category: All ETFs
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
