Thursday, July 17, 2014

Big Day For Risk Aversion $TLT $HYG

The ratio of 30 year treasury ETF to the HYG junk bond ETF lept to a 52 week high.

Visit to see more great charts.

Amazingly, the junk bond ETF yields only 2% more than TLT - but it has short duration!!! - so people prefer that to dreaded interest rate risk.

Look also at the incredibly bearish biotech-to-treasuries chart. 

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