--- title: "Weekly Recap | VG Extend Trsy +4.25%, outperforming the S&P 500" type: "News" locale: "en" url: "https://longbridge.com/en/news/302160741.md" description: "EDV finished the week at $57.60, up 4.25% from its previous close, moving back to the upper end of the range seen since late July. The S&P 500 fell 1.95%, so EDV outperformed by about 6.2 percentage points over a week when risk assets pulled back. The move was not a straight line. Monday and Tuesday saw muted trading between $55.10 and $55.98. Volume picked up from Wednesday, with a jump to an intraday high of $58.23 on Thursday, before a modest dip on Friday to $57.60." datetime: "2026-10-17T04:28:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302160741.md) - [en](https://longbridge.com/en/news/302160741.md) - [zh-HK](https://longbridge.com/zh-HK/news/302160741.md) generator: "portal-rs" --- # Weekly Recap | VG Extend Trsy +4.25%, outperforming the S&P 500 ## The Week EDV finished the week at $57.60, up 4.25% from its previous close, moving back to the upper end of the range seen since late July. The S&P 500 fell 1.95%, so EDV outperformed by about 6.2 percentage points over a week when risk assets pulled back. The move was not a straight line. Monday and Tuesday saw muted trading between $55.10 and $55.98. Volume picked up from Wednesday, with a jump to an intraday high of $58.23 on Thursday, before a modest dip on Friday to $57.60. The weekly swing was 5.68%. ## Sector News The week’s macro story centred on sharp moves in Treasury yields and the path of Fed policy. The 10-year yield was reported at a 24-year high on Tuesday. After Wednesday’s broad-based inflation pickup, markets increased bets on Fed rate hikes, and short-term rate futures fell. The 30-year mortgage rate touched 7.4%, while pending home sales dropped to a 12-year low. Into that backdrop, some managers turned buyers: DWS said Treasuries looked more attractive after the sell-off and expected yields to drift modestly lower over the next 12 months, while Amundi and Pimco added exposure at elevated 10-year levels. By Friday, the rally in long-dated Treasuries stalled as a global equity rebound trimmed safe-haven demand, and EDV eased off Thursday’s high. Institutional selling of long-duration futures stood alongside contrarian buying from a few large investors, leaving flows split rather than one-sided. ## The Week Ahead Next week’s calendar is housing-heavy. Monday brings the NAHB housing market index (prior and consensus both 32), and Tuesday includes annualised housing starts (prior 1.275, consensus 1.305) and building permits (prior 1.403, consensus 1.395). If the data confirm high rates are still squeezing demand, that could feed back into how markets price the Fed’s path. Wednesday has EIA weekly crude and Cushing inventory reports, an indirect read on inflation expectations. Lingering threads from this week also carry over: the unresolved question around 20-year Treasury issuance and whether Bessent will move again to curb yields could resurface. ## In Short EDV rose against a backdrop of falling equities and volatile Treasury yields, suggesting some rotation into long-duration government debt this week. But the picture is mixed. Hotter inflation and rising rate-hike bets sat alongside improved valuations after new highs in the 10-year yield, and institutional positioning showed both sellers of long-duration futures and contrarian buyers. With price now near the 60-day moving average, the next move likely hinges on the housing data and any fresh signals on long-dated issuance policy. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [EDV.US](https://longbridge.com/en/quote/EDV.US.md) ## Related News & Research - [Lumentum Stock Soars 17% on Marvell Takeover Talk](https://longbridge.com/en/news/303461309.md) - [US Sept. PCE Preview: Inflation May Heat Up Again, How Will US Stocks, the Dollar, and Gold React?](https://longbridge.com/en/news/303358308.md) - [Lumentum's stock pops as investors cheer a possible sale to Marvell](https://longbridge.com/en/news/303469938.md) - [Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?](https://longbridge.com/en/news/303467281.md) - [Cerebras Stock Slips: What's Going On?](https://longbridge.com/en/news/303429866.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**