Biggest Treasury ETF Sees Largest Exodus Since 2020 Meltdown
- Investors pulled more than $1.8 billion from TLT ETF last week
- Light liquidity and seasonals seen at play in retreat
The US Treasury building in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.
More than $1.8 billion came out of the $39 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) last week, the most since March 2020, data compiled by Bloomberg show. The fund’s price had dropped more than 3% the week prior and another 1.2% in the five-day stretch ending Friday.