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Elizabeth Warren says Kevin Warsh is a 'puppet' after Trump claims Warsh advised him to support a rate increase.

MarketRead the original at benzinga.com
Neutral

IEF climbed 0.57% to $91.25. The Fed's 25 basis point rate increase usually pressures bond prices, but the 10-year yield fell, so signals cancel.

IEF · iShares 7-10 Year Treasury Bond ETF

AI read · Neutral

The AI's read

The Fed raised its policy rate 25 basis points, which usually pushes bond yields higher and bond ETF prices lower. But the 10-year yield fell and IEF rose 0.57%, creating conflicting signals. Technicals show IEF trading below its average price over the last 20 trading days and weak momentum, so I treat the report as neutral for IEF.

TLT · iShares 20+ Year Treasury Bond ETF

AI read · Neutral

The connection

TLT closed 1.11% higher at $81.78. A rate hike tends to push long-term yields up and bond prices down, but yields fell and TLT rose.

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