One in Four Shares in $12 Billion Bond ETF Are Now Sold Short
- TLT short interest hits 25%, highest since 2017: IHS Markit
- ‘Sizzling hot’ inflation will slam long-dated Treasuries: RBA
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As the U.S. economic rebound continues to dazzle, the mood music in the world’s biggest bond market is getting darker.
Short interest in the $12 billion iShares 20+ Year Treasury Bond exchange-traded fund (ticker TLT) now clocks in at 25% of shares outstanding, the highest since early 2017, according to data from IHS Markit Ltd. Meanwhile, investors are ditching the ETF in droves: TLT has posted outflows every day so far this week, putting the fund on track for weekly withdrawals of over $1 billion -- the worst stretch since November, Bloomberg data show.