Bond Market Turmoil: Treasury ETFs Plummet as Yields Soar
TL;DR Summary
The iShares 20+ Year Treasury Bond ETF (TLT) has dropped to its lowest level in over 12 years as Treasury yields surge. TLT has fallen nearly 50% from its all-time high and is down 5.1% since September. The recent spike in yields was triggered by the Federal Reserve's announcement of plans to keep interest rates higher for longer. Hedge-fund manager Bill Ackman and others have urged investors to bet against the 30-year bond, predicting a rise in yields. TLT, with over $38 billion in assets, is the largest Treasury bond ETF of its kind.
- Popular Treasury bond ETF crashes to lowest level in more than 12 years as yields surge MarketWatch
- Long-Treasury ETF Plunges Record 48% as Market Meltdown Worsens Yahoo Finance
- Inverted U.S. yields lure investors into short-term bonds Reuters
- Fed Rate Hikes Have Taken a Toll on Bond Market ETFs Investopedia
- Long-Treasury Bond ETF (TLT) Sinks With Fed Rates Seen Staying Higher for Longer Bloomberg
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