10-Year Treasury Yield Hits 4.8%, Highest Since January 2025
TLT is trading near its 52-week low of $81.17 (1.2% above the low).
Summary
The 10-year Treasury yield climbed to 4.80% on Tuesday morning, up from Monday's 4.75% close and the highest since January 2025. The 30-year sits at 5.25%. TLT, the iShares 20+ Year Treasury Bond ETF, traded at $82.02, down 0.6%, while IEF touched a one-year low of $92.18. This follows last week's slide that pushed TLT to its lowest level since June 2004 and a new 52-week low on August 17. The Treasury's Aug. 19 announcement to at least double long-dated bond buybacks to $4 billion per operation has not stemmed the rise in yields, as inflation remains above the Fed's 2% target and the federal debt has crossed $40 trillion. The move reflects continued pressure on long-duration fixed income, with TLT trading near its 52-week low of $81.17.
At the time of this announcement, TLT was trading at $82.18 on NASDAQ in the Finance sector. The 52-week trading range was $81.17 to $92.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.