Treasury bond ETFs hit multi-year lows as bond yields surge
TLT•Treasury bond ETFs fell premarket as long-dated U.S. yields reached multi-year highs. TLT fell 0.6% to $80 after hitting a record low Wednesday, while the 30-year yield briefly reached its highest level since 2004.
1. Treasury ETFs decline
The iShares 20+ Year Treasury Bond ETF fell 0.6% to $80 premarket, extending declines after hitting a record low Wednesday. The iShares 7-10 Year Treasury Bond ETF fell 0.1% after reaching an over two-year low in the prior session, while the iShares U.S. Treasury Bond ETF edged down 0.1% in light trading after hitting its lowest level since November 2023.
2. Yields reach highs
The U.S. 30-year Treasury yield briefly reached its highest level since 2004, and the benchmark 10-year yield was at its highest since July 2007. The article cites inflation concerns linked to an oil price spike, worries about U.S. fiscal health and increased chances of future interest rate hikes as factors behind the recent surge in government bond yields.
