- TLT, the largest ETF tracking long-dated Treasuries, closed at a record low as the yearslong bond market selloff shows few signs of relenting.
- TLT fell 1.6% to $80.46 a share after fresh data showing robust US economic activity sparked a downturn in government bonds.
- TLT has lost more than half of its value since its 2020 peak, when Treasuries rallied after the Federal Reserve slashed interest rates to near zero during the Covid-19 pandemic.