TLT Jumps 1.6% as Treasury Doubles Buybacks, but Duration Still Dominates
The iShares 20+ Year Treasury Bond ETF jumped 1.56% to $82.94 on Wednesday morning after the U.S. Treasury doubled planned buybacks of long-dated debt. The announcement pulled the 30-year yield down to 5.187%, after it touched 5.337% on Tuesday. That was its highest level since 2007.
