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Record Rout Hits $19 Billion Treasury ETF as Bond Slide Deepens

  • iShares 20+ Year Treasury Bond ETF falls 30% from peak
  • Long-maturity debt suffers as traders brace for Fed rate hikes

Long-maturity Treasuries are contending with their biggest drawdown on record, at least according to their most popular exchange-traded fund.

BlackRock’s $19 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has fallen almost a third from an all-time high in August 2020. That’s more than the previous record drawdown seen between 2008 and 2010, based on closing prices.