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Higher yields have given bonds a fresh case against stocks, according to Matt Bartolini, global head of research strategists at State Street Investment Management. He spoke during an Oct. 20 webcast hosted by VettaFi Head of Research Todd Rosenbluth and sponsored by State Street.
Buska Wealth Management LLC trimmed its holdings in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) by 37.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,723 shares of the company's stock after selling 63,137 shares during the
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The State Street SPDR Bloomberg Investment Grade Floating Rate ETF offers near-zero duration and adapts payouts to rising rates, making it timely amid renewed inflationary pressures. FLRN maintains low issuer-specific and credit risk but carries significant financial sector exposure. Performance closely tracks peers like FLOT, with similar risk/return profiles and yield.
The Fed raised rates and TBT barely flinched, which raises an uncomfortable question for anyone betting on more hikes: being right about the direction still might not make you money.
The 30-year Treasury bond yield recently reached its highest level since 2007, sparking concern about a stock market sell-off. Long-term investors shouldn't worry too much about short-term moves in bond yields.
Concurrent Investment Advisors LLC purchased a new stake in SPDR Bloomberg Investment Grade Floating Rate ETF (NYSEARCA:FLRN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 69,892 shares of the company's stock, valued at approximately $2,156,000. Concurrent Investment Advisors LLC owned
The S&P 500 has risen about 2.6% since late June despite a global bond market selloff that pushed 10-year Treasury yields to a high of 4.815%.