CHART OF THE DAY: US Treasury ETF suffers biggest meltdown on record as rates continue to surge

Tue, 09/26/2023 - 15:59

Surging interest rates have sparked the biggest meltdown on record for the 20+ year Treasury bond ETF.
The iShares 20+ Year Treasury Bond ETF has declined 45% from its closing high in 2020.
Bond losses could get even worse if the Federal Reserve continues to hike interest rates.

Our Chart of the Day helps visualize the massive losses bond market investors have experienced as interest rates continue to soar this month.