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The iShares 7-10 Year Treasury Bond ETF, known by its ticker IEF, is designed to mirror the investment performance of an underlying index. This index holds U.S. Treasury bonds that have remaining maturities specifically between seven and ten years.
Is IEF's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
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%.
Global benchmark bond yields are surging, and seemingly no country is spared. Japan's 10-year government bond yield hit 3% for the first time since 1996 on Tuesday, the U.K.'s 10-year gilts hit 5.27% – the highest since 2008, and 10-year U.S. Treasuries briefly touched 4.8%.
The 10-year Bund yields reached their highest since 2011 and yields on U.K. 10-year government bonds climbed to their highest level since 2007.
Many factors are sending yields higher, but rising energy costs are the inflationary trigger
The bond selloff comes as investors were already reassessing inflation risks and government borrowing as renewed military escalations between the U.S. and Iran sparked a new surge in oil prices, with crude rising to $92 a barrel on Tuesday after two Saudi oil tanks were struck in the Strait of Hormuz. The strait handled around 20 million barrels of crude oil per day before the war, and while the U.S. says between 8 million and 9 million barrels are now exported daily, other tracking firms and analysts believe the number is between 2 million and 6 million.