BetaShares Treasury Bond +20-year ETF (GGOV) $16.16

The recent panic to the safety of bonds has seen yields fall as we have discussed at length through recent reports. While we can see some short-term consolidation as calm returns to financial markets with last night’s weaker than expected inflation read adding confidence to our view that bonds will ultimately track higher into 2024 i.e. yields lower.

• We continue to initially target the $18 level for the locally traded GGOV ETF.