China Cuts Treasury Holdings to 18-Year Low as 30-Year Yield Hits 5.31%
TLT is trading near its 52-week low of $81.31 (0.1% below the low).
Summary
China reduced its U.S. Treasury holdings to $633.4 billion in June, the lowest since September 2008, while the 30-year Treasury yield climbed to 5.31%, its highest since June 2007. Japan and the UK also trimmed positions, and total foreign holdings fell by $72 billion. This adds to the selling pressure on long-duration bonds, directly hitting TLT, which is already trading near its 52-week low. The ETF's price reflects the broader fixed-income selloff driven by fiscal concerns and reduced foreign demand. Watch for further Treasury auction results and any policy response from the Fed or Treasury.
At the time of this announcement, TLT was trading at $81.23 on NASDAQ in the Finance sector. The 52-week trading range was $81.31 to $92.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.