Investors dumped a popular long-dated Treasury ETF at a record pace in December, fleeing the bond market as surging yields and fiscal uncertainty cast a shadow ahead of President-electDonald Trump's return to the White House.
TheiShares 20+ Year Treasury Bond ETF(NASDAQ:TLT), the largest Treasury-focused exchange-traded fund with $50 billion in assets under management, recorded $5.5 billion in outflows last month.
This marks the fund's largest single-month outflows in its history, surpassing the $4 billion withdrawn during the pandemic-driven turmoil in March 2020.
On the performance front, the fund tumbled by 7.1% in December, recording...
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