QUICK SPARK: Long Bond Rout Drives TLT ETF to Lows Unseen Since 2004
The iShares 20+ Year Treasury Bond ETF fell to $81.91, its weakest level since June 2004, erasing two decades of price gains and sitting 52% below its 2020 peak.
Long-term government bonds (super-safe loans to the government) have fallen sharply in value, hitting prices not seen in 20 years. When bond prices drop like this, it usually means interest rates went up, which can affect how expensive it is for people and companies to borrow money.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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