Business & Finance
BlackRock’s ‘Widow Maker’ Treasury ETF Slides to 2004 Low
Key Points
BlackRock’s ‘Widow Maker’ Treasury ETF Slides to 2004 Low The rout in longer-dated US Treasuries has sent a popular BlackRock Inc. exchange-traded fund tumbling to its lowest level in over two decades, as concerns around sticky inflation continue battering fixed-income portfolios. BlackRock’s iShares 20+ Year Treasury Bond ETF (ticker TLT) hit its lowest price since 2004 on Friday, surpassing a trough recorded during the global financial crisis.
BlackRock’s ‘Widow Maker’ Treasury ETF Slides to 2004 Low
The rout in longer-dated US Treasuries has sent a popular BlackRock Inc. exchange-traded fund tumbling to its lowest level in over two decades, as concerns around sticky inflation continue battering fixed-income portfolios.
BlackRock’s iShares 20+ Year Treasury Bond ETF (ticker TLT) hit its lowest price since 2004 on Friday, surpassing a trough recorded during the global financial crisis. It has fallen over 50% from its 2020 record high, more than any previous drawdown.