Market Extra: ETFs that buy long-term Treasury bonds drop sharply after Fed signals higher for longer rates

by | Sep 21, 2023 | Stock Market

Exchange-traded funds that invest in long-term Treasury bonds dropped Thursday, as yields continued their march higher in the wake of the Federal Reserve’s meeting on monetary policy. Shares of the Vanguard Long-Term Treasury ETF VGLT finished with a sharp 2.3% drop, while the iShares 20+ Year Treasury Bond ETF TLT sank 2.6%, according to FactSet data. The iShares 10-20 Year Treasury Bond ETF TLH slumped 1.9%. Ten-year…

Article Attribution | Read More at Article Source

Share This