From Zacks: Investors seeking momentum may have Sit Rising Rate ETF (RISE – Free Report) on radar now. The fund recently hit a new 52-week high. Shares of RISE are up approximately 9.3% from a 52-week low of $22.59/share.
The Fed’s Yellen was speaking into last Friday night in regards to topics including the current interest rate environment as well as the Fed’s bond portfolio.
With the Fed meeting this week policymakers are expected to start the process of rolling back their $4.4 trillion balance sheet. The beginning of this reversal has left bond investors on edge.
With interest rates looking like they will be raised again next week, many bond investors are likely thinking about how to protect their portfolios.
Today, Fed governors have been speaking all morning in Jackson Hole about the prospect of rising rates, as a function of their short term monetary policy.