IEI targets a specific range of the US Treasury yield curve. Specifically, 3-7 year bonds. The Fed's sharp series of interest rate hikes during 2022, and reaction of the bond market to those ...

Looking at the chart above, IEI's low point in its 52 week range is $114.51 per share, with $120.28 as the 52 week high point — that compares with a last trade of $117.95.

The IEI/HYG ratio, a proxy for credit spreads, shows its sharpest spike since the March 2023 Silicon Valley Bank crisis. Historically, bitcoin and other risk assets tend to fall during sharp ...