Treasuries Not So Sleepy These Days
Longtime market watcher Jim Woods points out that, while it might defy logic, the charts continue to show just how great U.S. Treasury securities are these days.
“One huge development in the market this year was the tremendous surge in Treasury bonds,” Jim writes. “The fiscal turmoil in Europe weighed heavily on global equity markets, and that caused a massive capital shift into what traditionally has been the premier flight-to-quality trade — U.S. Treasury bonds. Sure, we have our fiscal issues here at home, and our balance sheet isn’t exactly pristine. However, we are the dog with the fewest fleas right now, hence the nearly 30% year-to-date surge in the iShares Barclays 20+ Year Treasury Bond (NYSE:TLT).”