With bond yields rising, returns of the iShares Barclays 20+ Year Treasury Bond ETF (TLT) have dropped nearly 5.7% so far in 2011.
By contrast, the ProShares UltraShort 20+ Year Treasury ETF (TBT) has gained more than 11.3% entering today’s session, according to Morningstar data.
TLT’s shares are on a slight rebound in the early going, up by 0.2% as yields slip ahead of government auctions of 10-year notes and traders start to digest word of Fed Chair Ben Bernanke’s statements before Congress this morning.
Disclosure I am Long TLT shares.
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