Dallas, Texas 10/24/2013 (Financialstrend) – iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT) is an exchange traded fund. At close of business on October 23, the stock was trading at $108 per share. It had gained close to 0.39% during trading from its previous day close. The ETF has managed to pay divided of $3.17 per share over the past 12 months. It translates to a dividend yield of 2.93% for the year.
As the September 18 no taper decision fades into our collective memory and the next round of Fed board meeting which is expected to contemplate taper moves looming ahead of us in December, analyst firms and banks have started to push out the expected date and time of Fed initiating a taper move. Barclay’s, Goldman have been two such agencies which have gone on record to push out their earlier predictions to March of next year as likely time for taper. The reason being cited is the less than expected better economic recovery and the still lingering effects of the government shut down. Deutsche Bank joins the chorus by stating that the numbers in front of Fed to arrive at a informed decision on taper initiation is missing and hence the most likely time for this to happen is in March 2014 time frame. The stagnant growth rates seen in the job market is another reason why many trade analysts believe that taper will not happen now.
“iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT)” investment philosophy is based on seeking to bring in results which are on par or better than results of U.S. treasury index. The fund managers are advised by Barclays Global Fund Advisor. The fund has been underperforming over the past 6 months and had shed close to 10% of its market value over the past 180 days. In the past on year it has seen its market cap go down by 8.7%.
