PLW - IEI: Time To Buy Treasuries
- IEI tracks the results of an index composed of Treasury securities, with remaining maturities between 3 and 7 years.
- The ETF currently sports a 4.68-years duration, and its performance is driven by the 5-year point in the treasuries curve.
- 5-year rates have touched their decade-long high achieved in 2018, causing the ETF to experience its worst drawdown in the past ten years.
- With the Fed rhetoric now changing to potentially a pause at the September meeting, we now feel the bulk of the move higher in rates is behind us.
- This article covers macro portfolio construction from our suite of products - we focus on macro portfolio construction, CEFs and yield-producing options strategies, targeting overall returns of 9%+.
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IEI: Time To Buy Treasuries