The iShares 20+ Year Treasury Bond ETF fell below $82 amid a sharp rise in U.S. Treasury yields, marking its lowest level in two decades.
The iShares 20+ Year Treasury Bond ETF (TLT) traded below $82 for the first time since 2004, reflecting a deepening selloff in long-duration U.S. Treasury bonds. The decline accelerated as Treasury yields surged, pressuring fixed-income assets across the curve.
Prior to this drop, TLT had not seen such levels since the early 2000s, with the recent bond rout intensifying over the past month. The move aligns with broader market expectations of higher-for-longer interest rates and reduced demand for long-duration debt.
The sharp yield increase has weighed on bond prices, with investors reassessing duration risk amid shifting monetary policy expectations.