- The iShares 20+ Year Treasury Bond ETF (TLT) hit a fresh record low and is on pace for its eighth straight day of declines, with bond buyers absent even on quarter-end rebalancing flows.
- TLT was down 10.0% quarter-to-date, its sixth quarterly decline of at least 10% in the 19 quarters since Q1 2022, against only five up quarters in that span.
- Long-term Treasuries rank among the worst-performing asset classes globally, inverting their traditional safe-haven status; the last time the S&P 500 logged six or more quarterly declines of at least 10% over a similar stretch was the Great Depression.
引述
“The iShares 20+ Year Treasury Bond ETF (TLT) was trading at a fresh record low yesterday and is on pace for its eighth straight day of declines.”
“For an asset class traditionally described as a safe haven, long-term Treasuries have been anything but safe, ranking among the worst-performing asset classes around the world.”
“Through midday, TLT was down 10.0% quarter to date.”