$TLT Sees Record $2.7B Inflows, 11% Return, 1.9 Sharpe Amid Recession Concerns

$TLT, the iShares 20+ Year Treasury Bond ETF, experienced a record inflow of $2.7 billion in June, driven primarily by NM Financial. The firm plans to maintain this position across retail portfolios for at least one year, anticipating that a cooling labor market may lead to a recession. Since May 1, $TLT has delivered an 11% return and boasts a Sharpe ratio of 1.9. Market participants are observing the recent performance of $TLT, which has shown a solid bounce, trading back over 97 after a dip last Friday. Some traders are expressing caution regarding current market conditions, with one closing out $TLT puts for a profit and another shorting $HYG as part of a risk management strategy.