Mega Bond Sell-Off Spurs $1.2 Billion Outflow From Treasury Fund
- iShares’s TLT posted its worst week of outflows on record
- Benchmark 10-year government yield approached 2% last week
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Investors are pulling the plug on a strategy tracking long-dated Treasuries as U.S. stocks trade near all-time highs.
The iShares 20+ Year Treasury Bond exchange-traded fund, ticker TLT, posted its worst week of outflows on record, with traders yanking more than $1.2 billion, according to data compiled by Bloomberg. The 10-year U.S. government bond yield soared in the span, approaching 2%.