ANGELA WEISS / Getty Contributor
- The biggest bond ETF hit a new low since July 2007 as the bond market meltdown continues.
- The iShares 20+ Year Treasury Bond ETF (TLT) has shed over 50% since its closing high in 2020.
- Bond ETFs, which track bond values, became popular in 2020 amid the pandemic market volatility.
The biggest bond ETF continued to crater Thursday amid an incessant Treasury sell-off.
The iShares 20+ Year Treasury Bond ETF (TLT), which tracks an index of Treasurys with maturities of 20 years and more, touched the lowest level since July 2007, currently down 1.4% for the day and 15.5% this year.