Taiwan Dollar Surge Triggers Bond ETF Sell-Off, 5 Out of Top 10 Transactions Are Bond ETFs
(Updated at 14:05 with closing data) The continuing surge of the Taiwan Dollar has stirred a 'bond sell-off.' Today, the Dollar spiked to around 29, causing concerns among bondholders about potential exchange losses. In the top ten transactions, five were bond ETFs, totaling over NT$24.1 billion.
The leading bond ETF, Yuanta ESG Bond 20+ (00937B), saw an alarming drop of nearly 7%, moving 455,000 units. Following closely were Yuanta 20-Year U.S. Treasury (00679B) and Cathay 20-Year U.S. Treasury (00687B), each experiencing significant declines.
Overall, the events in the bond ETF market today have raised alarms among investors regarding market risks.
