Apr. 8 at 7:46 AM
BOND BLOODBATH: Longest Duration Gets Crushed Monday
Duration risk exposed as treasuries fell across the board. Long-term issues hit hardest with
$VGLT plunging -2.81%. Emerging markets debt saw steep losses with
$EMB down -1.61%. Investment grade corporate bonds also fell with
$LQD dropping -1.95%.
🔎 Our take:
Our models show bullish momentum for VGLT with positive sentiment, while BNDX and LQD display bullish momentum with negative sentiment.