The Zhitong Finance App learned that as concerns about inflationary stickiness continued to impact fixed income portfolios, the sharp decline in long-term US Treasury bonds caused one of BlackRock's popular exchange-traded funds to fall to its lowest level in more than 20 years. BlackRock's iShares 20-year Treasury bond ETF (TLT) fell to its lowest point since 2004 on Friday, even lower than the low during the global financial crisis. The ETF is down more than 50% from its all-time high in 2020, more than any previous time.

The Zhitong Finance App learned that as concerns about inflationary stickiness continued to impact fixed income portfolios, the sharp decline in long-term US Treasury bonds caused one of BlackRock's popular exchange-traded funds to fall to its lowest level in more than 20 years. BlackRock's iShares 20-year Treasury bond ETF (TLT) fell to its lowest point since 2004 on Friday, even lower than the low during the global financial crisis. The ETF is down more than 50% from its all-time high in 2020, more than any previous time.