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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: redfish who wrote (6344)5/14/2004 11:41:40 AM
From: mishedlo  Read Replies (2) of 116555
 
Shorting Unavailable For Bond ETFs
[That's pretty heavy sentiment - mish]

ETFs are highly liquid instruments and are generally available for shorting in any market condition. Normally, funds with high assets and large volume are available for borrowing and short selling. Bond ETFs, despite having these characteristics, are currently unavailable for shorting. Currently there are five bond ETFs: iShares Lehman 20+ Year Treasury Bond (AMEX:TLT - News), iShares Goldman Sachs InvestTop Corporate Bond (AMEX:LQD - News), and iShares Lehman 7-10 Year Treasury (AMEX:IEF - News), the Lehman TIPS Bond Fund (AMEX:TIP - News), or the Lehman 1-3 Year Treasury Bond Fund (AMEX:SHY - News). A survey of three brokerages, US Clearing, Scottrade, and Interactive Brokers, confirmed on May 7th that none of the funds were available for shorting.

Read the rest here:
biz.yahoo.com
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