Our macro team is adding EDV to Investing Ideas. As CEO Keith McCullough wrote today:
Now that we have our first set of late-cycle economic indicators slowing in rate of change terms (ADP # this wk and the NFP number), it's time to really think through the un-Teppering of this bond market. This is an extended duration ETF (20-30yr). I am doubling down on our biggest macro call of 2014 - that US growth would slow and bond yields fall in kind.