Long-Dated Treasuries Enter Bull Market as Fed Pivot Feeds Rally
- Treasury bond ETF gains 21% from 16-year low in October
- Gets $1.3 billion Friday, biggest inflow in almost five months
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A vehicle used to track longer-dated US government bonds surged into a bull market, as investors seek to end three years of pain on the Federal Reserve’s willingness to consider interest-rate cuts.
The iShares 20+ Year Treasury Bond ETF, a popular tool for betting on long-dated debt, jumped to touch 99.35 on Friday. That’s a gain of 21% from the 16-year low reached on Oct. 23, qualifying as a bull market. The gauge is still down more than 40% since it peaked in 2020.