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The iShares 20+ Year Treasury Bond ETF, known as $TLT, has reached a seven-month low following the latest Federal Reserve meeting. This marks the ETF's worst performance on a Fed day since 2011. Currently, $TLT is trading at levels not seen since May, with options pricing indicating a potential near 2% move as the year comes to a close. Analysts suggest that a recovery in equities may be challenging without a stabilization or reversal in treasury prices.
$TLT opened near those May lows. It may be difficult for equities to have a significant rebound from yesterday's selling without treasuries reversing, or at least stabilizing. https://t.co/3YdUvLkpye https://t.co/hF1RCbLoXi
$TLT falls to lowest price since May 📉 https://t.co/pSrZFX3W5h
$TLT at a pretty critical level post FOMC now at its lowest level since May. Options pricing just shy of a 2% move into year end: https://t.co/KdSU5KsA4V
