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The “Buy the Dip” investing mantra endures, at least in the bond market
The “Buy the Dip” investing mantra endures, at least in the bond market
One of the hottest investments on Wall Street is somewhat surprising: It’s a fund of long-term Treasury bonds in bad shape.
Shares of the iShares 20+ Year Treasury Bond ETF are near a 16-year low and have lost more than half their value from their 2020 peak, but investors are flocking. They added more than $2 billion to the fund on Tuesday and Wednesday alone. , bringing its total inflows for the year to $21 billion.
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