The largest exchange-traded fund tracking long-term US Treasury bonds closed at a record low, indicating that the long-term bond bear market still showed no clear signs of stopping the decline. BlackRock Group's iShares 20-year Treasury bond ETF fell 1.6% to close at $80.46 per share on Wednesday. The latest data released earlier showed that US economic activity was still strong, triggering a drop in the price of US Treasury bonds. TLT prices have dropped by more than half since their peak during the pandemic in 2020. At the time, in response to the impact of the COVID-19 pandemic, the Federal Reserve lowered interest rates to close to zero, leading to a sharp rise in US Treasury bonds.

The largest exchange-traded fund tracking long-term US Treasury bonds closed at a record low, indicating that the long-term bond bear market still showed no clear signs of stopping the decline. BlackRock Group's iShares 20-year Treasury bond ETF fell 1.6% to close at $80.46 per share on Wednesday. The latest data released earlier showed that US economic activity was still strong, triggering a drop in the price of US Treasury bonds. TLT prices have dropped by more than half since their peak during the pandemic in 2020. At the time, in response to the impact of the COVID-19 pandemic, the Federal Reserve lowered interest rates to close to zero, leading to a sharp rise in US Treasury bonds.