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Market Extra: Bond ETFs fall after Fed statement, struggle to recover earlier gains – Vested Daily

Market Extra: Bond ETFs fall after Fed statement, struggle to recover earlier gains

June 14, 2023

Popular exchange-traded funds that buy bonds fell and then struggled to recover earlier gains on Wednesday, after the Federal Reserve announced that it paused its interest-rate hikes but also released projections pointing to two more potential increases this year.

Shares of the Vanguard Total Bond Market ETF BND, which provides broad exposure to U.S. dollar-denominated, investment-grade debt, slid after the Fed released its statement at 2 p.m. Eastern Time, before eking out a 0.1% gain on Wednesday, according to FactSet data….

This post was originally published on Market Watch