The TLT ETF, which follows long-term bonds, dropped to a new low of $79.71.

TLT · iShares 20+ Year Treasury Bond ETF

The AI's read

Higher long Treasury yields cut the market value of the long-duration bonds TLT holds. Analyst Ed Yardeni links yields to stronger growth, supporting a sustained rise in rates. Technicals show TLT below its 50- and 200-day averages.