The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) attracted $652.41 million in inflows on May 19, per Etf.com, signaling some investors are piling into long-duration Treasuries even with fears of higher inflation and interest rates driving yields up. In the past 30 days, the fund has seen net inflows of around $1.7 billion.
The inflows came as the 30-year Treasury yield climbed to 5.18% on Tuesday, its highest level since 2007, intensifying the sell-off across long-duration bond ETFs. The demand for higher yields has hammered Treasury prices, given bond prices move inversely to yields, leaving funds like TLT under pressure. The ETF recently fell to around $83.66, its lowest level since November 2023.
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