TLT Sinks to Lowest Since 2004 as Long-Dated Treasury Rout Deepens
TLT is trading near its 52-week low of $80.665 (0.3% above the low) on elevated volume (2.1× avg).
Summary
TLT closed at $80.69 on Thursday, down 1.27%, marking its lowest level since May 2004. This extends a relentless slide in long-duration Treasury prices, with the ETF now down roughly 53% from its 2020 peak above $170. The decline follows a series of bearish catalysts: August producer inflation at 5.4% YoY, the 10-year yield hitting 4.80%, and Brent crude crossing $100. The ETF is trading near its 52-week low of $80.665, and the break below the May 2004 low signals a potential acceleration of the long-term downtrend. Traders will watch whether the $80 level holds or if the rout continues toward the 2003 lows.
At the time of this announcement, TLT was trading at $80.91 on NASDAQ in the Finance sector. The 52-week trading range was $80.67 to $92.19. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.