Why this popular Treasury-bond ETF is trading at its lowest since 2004

“The iShares 20+ Year Treasury Bond ETF (TLT) slipped to its lowest price level since 2004 as Treasury yields surged amid expectations of tighter Federal Reserve policy and persistent inflation. Higher yields have reduced the market value of existing bonds, prompting a sharp sell‑off in long‑duration Treasury ETFs. This decline reflects broader shifts in the fixed‑income market and could reshape portfolio allocations for both retail and institutional investors. Expert Analysis: The plunge underscores a market pivot toward short‑duration and inflation‑protected assets as investors hedge against rising rates. Continued yield pressure may force a re‑pricing of risk across the credit spectrum, potentially raising borrowing costs for corporations and influencing consumer loan rates.”