2024-07-10 23:41:44 ET
Summary
- AGG has turned positive in total return year to date after a pullback in the first four months of 2024.
- Treasury yields have retreated amid tamer inflation prints, high-quality credit remains bid, and the equity/bond correlation is weakening, making AGG more attractive.
- AGG is a cost-effective fund with low fees, large assets under management, and a solid yield-to-maturity, making it a solid choice for risk-conscious long-term investors.
- I highlight macro reasons why now is a good time to own AGG and highlight key price levels to watch in the second half.
The iShares Core U.S. Aggregate Bond ETF ( AGG ) has turned marginally positive in its total return year to date. After a significant pullback through mid-April amid a rate resurgence that corresponded to hot inflation prints over the first quarter, the current reality is that there are dual risks now facing the US economy. ...
Read the full article on Seeking Alpha
For further details see:
AGG: A Better Risk-Reward Today (Rating Upgrade)