March 1, 2017 / 8:46 PM / 9 months ago

U.S. long-dated bond ETF on track for worst day since November

NEW YORK, March 1 (Reuters) - BlackRock’s iShares 20 Plus Year Treasury bond exchange traded fund was poised on Wednesday for its biggest single-day loss prompted by a bond market selloff spurred by growing expectations of an earlier-than-expected U.S. interest rate hike.

The ETF, which had $5.2 billion in assets at the end of January, was at $119.41 a share in late trading, down 1.7 percent on the day. This would be its steepest one-day drop since a 4.2 percent drop on Nov. 9, the day after the U.S. election when Donald Trump defied polls and won the White House over Hillary Clinton. (Reporting by Richard Leong; Editing by James Dalgleish)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below