A popular exchange-traded fund specializing in long-dated Treasurys on Thursday attracted the most money in a single day since May 2011, data from FactSet shows. The iShares 20+ year Treasury Bond ETF drew in $664.7 million of investment, more than doubling the total amount of inflows this year. Investors rushed into the ETF in the wake of geopolitical concerns in North Korea, the potential damages from two hurricanes, and soft inflation readings. Traders are now pricing in a diminished chance of another rate hike this year, briefly pushing the likelihood of a December rate increase down to 22% on Thursday. Moreover, European Central Bank President Mario Draghi punted forward a key decision on tapering its bond purchases to October’s policy meeting, spurring a rally in U.S. government paper
and bonds of eurozone member nations.
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