In case you missed it: #China has cut its holdings in US Treasuries to $835bn, lowest level since 2010.
https://twitter.com/Schuldensuehner/sta ... 6062841936
The $39 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has lost 48% from its 2020 all-time high and is trading at its lowest point since 2011.
TLT has dropped roughly 10% so far this year, which follows a 33% plunge last year and a 6% drop in 2021.
Other long-duration funds have also suffered, with the Vanguard Extended Duration Treasury ETF (EDV) down 14% in 2023, and the PIMCO 25+ Year Zero Coupon US Treasury Index (ZROZ) off by more than 15%.
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