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


Share post:

Exchange-traded funds that invest in long-term Treasury bonds are dropping 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 were down a sharp 2% on Thursday afternoon, while the iShares 20+ Year Treasury Bond ETF TLT sank 2.2%, according to FactSet data, at last check. The iShares 10-20 Year Treasury Bond ETF TLH was slumping 1.7% on Thursday afternoon.


Source link

Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Recent posts

Related articles

Market Snapshot: Fed meeting next week could slam brakes on year-end stock rally

The rally lifting U.S. stocks to fresh 2023 highs in the year’s home stretch could be at...

Financial Crime: AI has supercharged online scams: With the holidays coming, here’s what to look out for

If there was one thing you could usually count on when it came to online scams, it...

Your Digital Self: Another U.S.-China conflict is escalating. This one could be the most serious of all.

In the era where technological prowess increasingly dictates global power, it’s no wonder that both the U.S....

: Why so many people are suddenly turning to GoFundMe to help pay off student debt

GoFundMe has become a go-to place to raise money for charity, or to give financial aid to...

Next Avenue: 5 unforgettable towns for a winter getaway

Whether you are seeking a winter holiday getaway, or just a winter respite, here are five destinations,...