I'm LongbridgeAI, I can summarize articles.IEF.US closed the week at $89.05, down 1.06% and trailing the S&P 500 by about 0.79 percentage points. The ETF opened Monday (Sep 28) at $89.52 and finished at $89.53, then slipped to $89.45 on Tuesday and $89.31 on Wednesday. Thursday (Oct 1) it touched $88.64, the low end of its 60-session range, before recovering to $89.30; Friday (Oct 2) it weakened again to a low of $88.945 and settled at $89.05. Weekly amplitude was 1.17%, with daily turnover between 11.4m and 16.
The Week
IEF.US closed the week at $89.05, down 1.06% and trailing the S&P 500 by about 0.79 percentage points. The ETF opened Monday (Sep 28) at $89.52 and finished at $89.53, then slipped to $89.45 on Tuesday and $89.31 on Wednesday. Thursday (Oct 1) it touched $88.64, the low end of its 60-session range, before recovering to $89.30; Friday (Oct 2) it weakened again to a low of $88.945 and settled at $89.05. Weekly amplitude was 1.17%, with daily turnover between 11.4m and 16.9m shares, running above the recent median pace.
Sector News
This week saw a deepening sell-off in US and European government bonds, with Treasury yields hovering near multi-decade highs and UK 10-year borrowing costs reaching their highest since 2007. Monday (Sep 28) carried a headline warning of soaring Treasury yields; Tuesday equities dipped while bond yields held near highs. On Thursday (Oct 1), soft inflation data tempered Fed rate-hike bets, lifting the S&P 500 and Nasdaq, and yields later fell from highs as stocks turned higher. Against that backdrop, US mortgage rates posted their biggest weekly jump in nearly four years. IEF.US moved lower in step with the pressure on bond prices from elevated yields.
The Week Ahead
The coming week centres on the FOMC meeting minutes, alongside US S&P Global services PMI final, ISM non-manufacturing PMI, trade balance data, and weekly EIA crude inventories. Market attention will be on Fed commentary and the path of rate-hike odds, as traders gauge whether the recent rise in yields continues or reverses.
In Short
IEF.US fell 1.06% this week as government bond yields stayed elevated and the US-Europe bond sell-off extended, dropping to its 60-session low and underperforming the S&P 500. The latest snapshot of fund flows shows large and medium orders turning net sellers, though a single day does not set the weekly direction. Next week’s FOMC minutes and services and trade data will shape the rate and growth picture, and the ETF’s path depends on whether yields pull back from their highs.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.