Renewed Demand for Treasuries Props Up Bond ETFs

U.S. banks are hoarding Treasuries in response to new liquidity rules, bolstering Treasury bonds and related exchange traded funds. Year-to-date, the iShares 3-7 Year Treasury Bond ETF (NYSEArca: IEI) rose 1.0%, iShares 7-10 Year Treasury Bond ETF (NYSEArca: IEF) gained 3.4% and iShares 20+ Year...