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.
Ten-year…
