TLT Takes a Hit: iShares 20+ Year Treasury Bond ETF Slips Below $86 in Morning Trade
NEW YORK, April 11 – The iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) experienced a significant downturn during morning trading hours on Thursday, reflecting ongoing pressure in the long-term U.S. bond market.
As of 11:14:32 AM EDT, the prominent exchange-traded fund was trading at 1.13, or 1.30%, from the previous session’s close.
The ETF, which tracks U.S. Treasury bonds with maturities exceeding twenty years, started the day below its previous close of $86.42, according to market data. The intraday chart reveals a distinct downward trend throughout the morning, with the price dipping below the $85.50 mark after struggling to hold levels near $86.00 earlier in the session.
The movement in TLT is often closely watched by investors as an indicator of sentiment regarding long-term interest rates and inflation expectations. A falling price for the ETF typically corresponds with rising yields on long-duration Treasury bonds.
Market participants continue to monitor bond market dynamics closely for signals about economic direction and potential monetary policy adjustments. The current price level of $85.29 places TLT significantly lower for the day’s trading session.
