Escalating US Treasury Yields Reflect Intensifying Uncertainty Over Debt Ceiling Negotiations
Portfolio Pulse from Piero Cingari
US Treasury yields are experiencing heavy volatility due to the ongoing debt ceiling negotiations, with less than a week until the government risks running out of money. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 3% last week, retracing to around $100 per unit.
May 23, 2023 | 12:56 pm
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The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell 3% last week due to the ongoing debt ceiling negotiations and uncertainty in the market.
The ongoing debt ceiling negotiations are causing heavy volatility in US Treasury yields, which directly impacts the iShares 20+ Year Treasury Bond ETF (TLT). As the deadline approaches and uncertainty increases, investors may continue to sell off TLT, causing its price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100