TLT Breaks Below Friday's Low, Hits Fresh 20-Year Bottom at $81.38
TLT is trading near its 52-week low of $81.31 (0.1% above the low).
Summary
TLT extended its slide on Monday, trading down 0.80% at $81.38 and setting a new 52-week low, below Friday's $81.80 trough. The move reflects continued pressure from heavy Treasury supply and sticky inflation fears, with long-term yields grinding higher. This follows Friday's report of the ETF at its lowest since June 2004, confirming the downtrend is intact. Traders are watching whether the $81.30 area holds as support; a break below could accelerate selling in long-duration bonds. Additionally, 30-year Treasury yields jumped to 5.31%, the highest since June 2007.
At the time of this announcement, TLT was trading at $81.42 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.