ETF Bond Yields Confirm Deflation
Interest-Rates / US Bonds Dec 28, 2008 - 05:23 PM GMTThe table below presents the SEC 30-day yield and the portfolio yield-to-maturity reported for most of the Barclay's iShares bond ETFs.
Note, that unlike an individual bond with a fixed interest yield and yield-to-maturity, bond funds have turnover which causes portfolio yields to change.
To provide some historical perspective, the following charts plot the 19 year history of US Treasuries with maturities from 1 month through 30 years.
By Richard Shaw
http://www.qvmgroup.com
Richard Shaw leads the QVM team as President of QVM Group. Richard has extensive investment industry experience including serving on the board of directors of two large investment management companies, including Aberdeen Asset Management (listed London Stock Exchange) and as a charter investor and director of Lending Tree ( download short professional profile ). He provides portfolio design and management services to individual and corporate clients. He also edits the QVM investment blog. His writings are generally republished by SeekingAlpha and Reuters and are linked to sites such as Kiplinger and Yahoo Finance and other sites. He is a 1970 graduate of Dartmouth College.
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