Published on 10 Apr 2024 on etf.com via Yahoo Finance
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Last year’s hottest bond ETF is plunging—whacking investors who misjudged inflation.
Like most bond funds, the iShares 20+ Year Treasury Bond ETF (TLT) fell to fresh 2024 lows on Wednesday following the release of an unexpectedly hot Consumer Price Index for March. The interest rate sensitive fund dropped 1.3%.