TLT ETF Drops 50% Since 2020 Peak Amid Rising Yields

Long-term Treasury ETF TLT hits 52-week low at $81.89, down 50% from peak. 30-year yields hit 5.216%, highest since 2001.

Woofun AI data shows that the long-term U.S. Treasury ETF TLT fell to $81.89 on Friday, marking a 52-week low. The asset has declined by 50% from its March 2020 high of $179.70, representing an inflation-adjusted loss of nearly 65%.

Concurrently, the yield on 30-year U.S. Treasury bonds climbed to 5.216%, the highest level recorded since 2001. Peter Schiff stated that Treasury investors have incurred significant losses. Bitcoin is currently trading at $62,968, down 3.2% in 24 hours, as market attention shifts to the upcoming $20 billion 20-year U.S. Treasury bond auction.