10 things before the opening bell businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
Getty Images
Six months ago, I forecasted that bonds of all stripes would extend their winnings this year. Then fears of inflation and rising interest rates sent Treasury and corporate bond yields up and sent bond prices, which move in the opposite direction, down 5% or more over the first three months of 2021 – with the exception of high-yield junk bond prices.
Although long-term interest rates, including corporate and Treasury yields, leveled off in April and backslid in May, my prophecy of positive total returns is in manifest jeopardy.
Through May 7, the Vanguard Total Bond Market ETF (BND) shows a loss of 2.5%. If that continues, 2021 would be the first down year for this popular yardstick since 2013.
Why Are Commodities Having Such a Spectacular Year? May 24, 2021
With the global economy rebounding, the surging demand for raw materials has helped commodities-related ETFs lead the charge this year.
Among the best performing non-leveraged ETFs of 2021, the
Invesco Dynamic Energy Exploration & Production ETF (PXE), which tracks companies involved in the exploration and production of natural resources used to produce energy, rose 60.9%.
The rally in the commodities market has helped commodities and commodity producer exchange traded funds, which now make up over half of the 20 best performing exchange traded products so far this year, Bloomberg reports.
ETF investors have funneled $2.6 billion this month to everything commodities-related, as consumer activity rises, construction picks, up and supply-chain bottlenecks intensify.
Raw-Materials Boom Is Reordering the $6 3 Trillion ETF World wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.