Bond ETFs rise Monday afternoon as Treasury yields retreat
Shares of exchange-traded funds that buy bonds were rising Monday afternoon, as Treasury yields retreated and the U.S. stock market traded mixed.
The iShares Core U.S. Aggregate Bond ETF and Vanguard Total Bond Market ETF were each up 0.3% in afternoon trading, according to FactSet data, at last check. The ETFs were gaining as yields in the Treasury bond market traded down, with the rate on the 10-year Treasury note falling about 6 basis points to around 4.31%, according to FactSet data, at last check.
In the U.S. equities market, the Dow Jones Industrial Average was down 0.5% while the S&P 500 traded about flat and the Nasdaq Composite edged up 0.1%, FactSet data show, at last check.