The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) traded as low as $81.80 on Friday, down 1.03% on the week and reaching its lowest level since June 2004.
The world's biggest fixed-income ETF, which holds U.S.
Treasury bonds maturing in more than 20 years, has now fallen more than 50% since its March 2020 highs, reflecting the skyrocketing cost of borrowing for the U.S. government.
TLT peaked above $170 in 2020 and now sits roughly 52% below that high.
QUICK CONTEXT: Why America’s Long Bond Is Selling Off The U.S. long-bond selloff has intensified since late June.
