Dollar Comes Off Nine-week Lows, Scores Gains Against Some Major Currencies
WASHINGTON (dpa-AFX) - The U.S. dollar gained in strength against some major currencies on Thursday, coming off over 2-month lows, after bond yields rose following data showing a strong first-quarter growth of the U.S. economy.
The yield on U.S. 10-Year Treasury Notes rose to about 1.65% after data showed the U.S. economy registered a strong growth in the first quarter, increasing at an annual rate of 6.4%, and the second-fastest growth since late 2003.
Data showing a drop in jobless claims contributed as well to dollar s uptick. According to the data released by the Labor Department, first-time claims for U.S. unemployment benefits dropped to a new pandemic-era low in the week ended April 24th.
The GTO ETF: Total Bond Exposure with Active Management Flexibility December 17, 2020
Getting complete bond exposure doesn’t mean investors have to sift through the vast array of bonds in the debt market. An active management strategy allows ETF investors to get total bond exposure in one fund via the
GTO an actively managed intermediate-term bond ETF for investors seeking monthly income and total return opportunities. The fund will invest at least 80% of its total assets in fixed income instruments of varying maturities and of any credit qualities.
As of December 15, the fund primarily has government debt of the highest quality. That said, GTO investors have peace of mind that the fund isn’t high on credit risk with high yield debt.