QUICK SPARK: iShares 20+ Year Treasury ETF TLT Hits Lowest Levels Since 2004
The iShares 20+ Year Treasury Bond ETF fell to $81.16, its lowest since 2004, as hot PPI and Trump's $1.2 trillion dividend pledge hammered long-duration bonds.
Long-term government bond prices dropped to levels not seen in 20 years because inflation stayed high and big spending plans worried investors. When bond prices fall, it can mean people are moving their money to places that pay higher returns right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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