Holding Up in a Sea of Red - Bonds and Dollar

There are not many stocks/ETFs that are holding their head above water today with the major US indices down nearly 2%. The selling has been fueled by heightened concerns in Europe, in particular Spain (poor GDP) and Greece (needs even more time).

Other than the inverse ETFs that move in the opposite direction of the index they track, the few bright spots today are Bond ETFs and the US Dollar ETF. With the Euro falling to a new 2-year low versus the greenback the PowerShares US Dollar Index Bullish ETF ($UUP) is up 0.50% to a new one-year high.

As far as bonds, the iShares Barclays 20+ Year Treasury ETF ($TLT) is up 1% and at the best level ever. Joining treasuries at a new all-time high is the Market Vectors High Yield Muni Bond ETF ($HYD), which is gaining 0.25%.

Corporate bonds are down slightly (-0.1%) as measured by $LQD and the Mortgage REIT ETF ($REM) is also holding up well with a loss of 0.3%.