Bonds, flight to safety, thanks to marketwatch

After Israel attacked Iran on June 13, U.S. Treasury yields rose while other countries' bond yields declined. …

Two large exchange-traded funds that invest in the government bonds of developed countries other than the U.S. are SPDR Bloomberg International Treasury Bond ETF 

BWX

+0.35%

 and iShares International Treasury Bond ETF 

IGOV

+0.24%

. The BWX ETF has gained 9.3% and IGOV is up 10.0% so far this year, versus a gain of 3.6% for iShares 7-10 Year Treasury Bond ETF 

IEF

+0.19%

. The ETFs have an effective duration of between seven and eight years, comparable to that of the U.S. 10-year Treasury.

The takeaway here is the need to diversify fixed-income investments that you hold as a hedge against geopolitical crises. You can no longer assume that U.S. Treasurys will be the prime beneficiary of a flight to safety.

Source: MarketWatch
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