iShares 20+ Year Treasury Bond ETF (TLT) Falls 2% on August 6 After Recent $90 to $100 Rally

The iShares 20+ Year Treasury Bond ETF (TLT) experienced significant volatility recently, closing down 2% on August 6, 2024. This decline follows a notable rally where the ETF rose from $90 to $100. Market observers noted that TLT had reached a low of the session on August 5, and despite showing some flat movement earlier that day, it later caught an afternoon bid. Analysts suggest that the recent drop is a correction after the gains made in the previous week.