"TLT Plunges to 16-Year Low as Bond Carnage Continues"
Long-term Treasury bonds are experiencing a significant decline in market value due to inflation and rising interest rates since the start of the COVID-19 pandemic. The iShares 20+ Year Treasury Bond ETF (TLT) is currently at its lowest level since August 2007. The yield on a 30-year Treasury has surged above 4.80%, nearing the critical 5% threshold. Investors are demanding higher compensation to hold bonds due to increased volatility. The Federal Reserve has left rates unchanged but has not ruled out future rate hikes. If the 30-year yield continues to rise, the TLT ETF could decline further.