Analysis for SPDR Portfolio Intermediate Term Treasury ETF

Technical asset picture

SPDR Portfolio Intermediate Term Treasury ETF (SPTI) currently has a total score of 42 points, placing it in the neutral range. The score is made up of Performance (23), Stability (73) and Trend (45). The profile is clearly uneven: Stability stands out while Performance lags.

Performance scores 23 points (weak). Least weak metric: 1Y return at 0.1 %. Main drag: 10Y return at -5.8 %. This points to a sharper upswing more recently.

Stability scores 73 points (strong). Key strength: volatility (365d, annualized) at 4.1 %. Main drag: CAGR/drawdown ratio at -0.03. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.

Trend scores 45 points (neutral). Best-ranked metric: Price is about 0.8 % below SMA50. Weaker metric: relative strength (12M) at -15.2 %.

Overall, the picture is mixed: Stability does the heavy lifting while Performance holds the score back. On a metric level, volatility (365d, annualized) stands out, while 10Y return lags.

Current market backdrop

The backdrop currently looks mixed and rather restrictive.

A strong US dollar currently paints a mixed risk picture.

High US real yields and elevated long yields lean toward a restrictive rate backdrop.

What that typically means here

For bonds and bond-heavy ETFs, higher yields and high real rates typically lean headwind for prices.

For tech, growth, and communication-services assets, higher real yields and a stronger US dollar typically lean headwind.