ETF Buyers Hunting for Yield Bet on Treasuries
- iShares 20+ Year Treasury Bond fund saw most inflows in a year
- Institutions use TLT as trading vehicle for short-term wagers
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Investors are piling into a fund focused on long-duration Treasury bonds amid bets that interest rates on short-term U.S. debt will stay low.
The iShares 20+ Year Treasury Bond ETF, known as TLT, took in $1.6 billion last week, the most since September 2017. The fund also posted five straight days of inflows, the longest streak in almost a year.