iShares 20+ Year Treasury (TLT) ETF price, news and key stats

Price

Last trade as of Sep 16, 2026. Delayed data; not a live quote.

Previous close

$80.72

Open

$80.95

Day range

$80.87 – $81.56

Volume

3.0M

52-week range

$80.46 – $92.19

Forward P/E

-4044.0

Dividend yield

473.00%

Avg. volume

29.1M

Fund facts

Category

Long Government

Fund family

iShares

Expense ratio

0.15%

Total assets

$47.0B

Inception

Jul 22, 2002

About iShares 20+ Year Treasury

Latest TLT news

• The Fed meeting is a pivotal moment for the bond market
  Bond Market · Sep 15, 2026

  The upcoming Federal Reserve meeting is poised to be a critical juncture for the bond market, as recent sell-offs have heightened concerns over the central bank's commitment to controlling inflation. With the backdrop of rising yields, particularly in short-term Treasuries, investors are closely monitoring Fed Chair Kevin Warsh's remarks at the Jackson Hole Economic Symposium. The market's reaction to his comments could significantly influence bond prices and investor sentiment in the coming weeks. As of now, two-year Treasury yields have surged to 4.28%, reflecting growing apprehension about the Fed's potential hawkish stance. This shift in sentiment comes amidst persistent inflationary pressures, which have prompted speculation that the central bank may need to adopt a more aggressive approach to interest rate hikes. The implications for the bond market are substantial; a continued rise in yields could lead to further declines in bond prices, impacting portfolios that are heavily weighted in fixed income. Market participants are keenly aware that any signals of a more aggressive monetary policy could exacerbate volatility in both the bond and equity markets. As the Fed prepares for its September meeting, the interplay between inflation data and the central bank's policy decisions will be crucial in shaping the trajectory of interest rates and, by extension, the broader financial landscape. Investors will be watching closely for any indications of how the Fed plans to navigate these challenges in the months ahead.

• The Fed may be on the verge of a serious mistake, prominent economists warn
  MarketWatch · Sep 15, 2026

  Prominent economists are raising alarms that the Federal Reserve may be on the brink of making a significant policy error by continuing its trajectory of interest rate hikes. As inflation shows signs of moderating, these experts argue that the central bank should adopt a more cautious approach, citing underlying vulnerabilities in the economy that could be exacerbated by further tightening. Concerns include sluggish wage growth, a potential slowdown in consumer spending, and the impact of previous rate increases on borrowing costs. Market implications of this debate are substantial. If the Fed proceeds with additional rate hikes, it risks stifling economic growth and potentially triggering a recession. Conversely, if the central bank pauses to reassess the economic landscape, it could bolster investor confidence and support a more stable recovery. Financial markets are closely monitoring the Fed's next moves, as any misstep could lead to increased volatility in equities and fixed income markets, with investors recalibrating their expectations for future growth and inflation. The Fed's decisions in the coming months will be critical in shaping the economic outlook and market sentiment.

• Desmond Lachman: Sleepwalking toward a bond market crisis (Opinion)
  Bond Market · Sep 15, 2026

  Desmond Lachman, a prominent economist, warns that major economies are "sleepwalking" toward a potential bond market crisis unless corrective fiscal measures are implemented. He argues that the current trajectory of rising debt levels, coupled with insufficient policy responses, could lead to a significant downturn in bond markets, which have already shown signs of strain from inflationary pressures and tightening monetary policy. Lachman emphasizes that without decisive action to address fiscal imbalances, investors may lose confidence in government bonds, leading to increased yields and a subsequent decline in bond prices. This scenario could have far-reaching implications for global financial markets, as higher borrowing costs could stifle economic growth and exacerbate existing financial vulnerabilities. The warning comes at a time when many central banks are grappling with the dual challenge of managing inflation while supporting economic recovery, highlighting the delicate balance that policymakers must navigate to avert a crisis.

• What Bond Yields Do After a Hiking Cycle Starts
  Bond Market · Sep 14, 2026

  The Federal Reserve is anticipated to raise interest rates by 0.25 percentage points, marking its first hike since July 2023. This move is expected to influence bond yields significantly, as higher interest rates typically lead to increased yields on government debt. Investors are likely to find bonds more appealing as the Fed's tightening cycle begins, particularly in an environment where inflationary pressures remain a concern. Historically, bond yields tend to rise following the initiation of a hiking cycle, as investors adjust their expectations for future interest rates. However, the current geopolitical landscape, including tensions in the Middle East, could further complicate market dynamics. Should conflicts escalate, bonds may regain their status as a safe-haven asset, potentially driving yields lower despite the Fed's actions. Additionally, any disruptions to supply chains could reinforce this trend, making government debt an attractive option for risk-averse investors. As bond investors navigate this shifting landscape, the lessons of the past few years remain pertinent. The volatility experienced in the bond market has underscored the risks associated with fixed-income investments. However, with the prospect of rising yields and a potential return to safe-haven buying, the outlook for bonds may be shifting, offering new opportunities for those willing to engage in the market.

• Stocks are in a late-stage bubble and poised to crash 21% next year, while Treasury yields above 5% will signal a new era of tight money, analysts say
  Fortune · Sep 13, 2026

  A fresh warning

• Top Economist Says the Fed Should Hike Rates 50 Basis Points Next Week. The Bond Market Is Already Near His Danger Zone.
  Yahoo Finance · Sep 12, 2026

  A leading economist has urged the Federal Reserve to consider a 50 basis point interest rate hike at its upcoming meeting, citing concerns over inflation and economic overheating. This call comes as the bond market shows signs of distress, with yields approaching levels that could signal increased volatility. The economist's warning highlights the delicate balance the Fed must strike between curbing inflation and supporting economic growth. Market reactions have already begun to reflect this tension, with bond yields rising in anticipation of potential tightening measures. Investors are closely monitoring the Fed's signals, as a more aggressive stance could lead to further sell-offs in the bond market, impacting both corporate and government debt. If the Fed opts for a more cautious approach, it may provide temporary relief to bond prices, but sustained inflationary pressures could force the central bank's hand in the future. As the September meeting approaches, market participants remain on edge, weighing the implications of any shift in monetary policy.

• U.S. Treasury: Federal deficit rises by $84B in August
  Treasury Watch · Sep 11, 2026

  The U.S. Treasury reported that the federal budget deficit for August increased by $84 billion, bringing the total deficit to $167 billion for the month. This rise is attributed primarily to calendar shifts in benefit payments rather than a significant change in the underlying fiscal trends. The figures indicate that while the deficit has decreased compared to previous months, it remains a point of concern for policymakers and economists alike. Market implications of this deficit increase could be significant, particularly in the context of rising interest rates and inflationary pressures. Investors may react to the widening deficit by reassessing their expectations for U.S. Treasury yields, which could lead to increased borrowing costs for the government. Additionally, the persistent deficit raises questions about the sustainability of federal spending and its potential impact on economic growth, especially as the Federal Reserve continues to navigate its monetary policy in a challenging economic environment.

• Scott Bessent fails to break ‘fever’ in US bond market
  FT Markets · Sep 11, 2026

  Treasury Secretary Scott Bessent's recent initiative to stabilize the US bond market has failed to quell rising borrowing costs, as evidenced by a sharp sell-off in both bonds and stocks following his announcement. Bessent's plan involved purchasing up to $6 billion of longer-dated government debt as part of an expanded buyback program, a move intended to address what he described as a "fever" in the market. However, investors have expressed skepticism about the adequacy of this intervention, suggesting that it may not be sufficient to reverse the current trend of increasing yields. The market's reaction indicates a lack of confidence in the effectiveness of Bessent's strategy, raising concerns about potential implications for broader economic conditions. As borrowing costs continue to rise, the impact could extend beyond the bond market, potentially affecting consumer spending and corporate investment. Analysts warn that sustained high yields may lead to tighter financial conditions, which could slow economic growth and dampen market sentiment. With Bessent's upcoming speech at the Republican convention also looming, questions about the intersection of politics and market confidence are likely to persist, further complicating the Treasury's efforts to stabilize the situation.

• Bonds are going on tilt. How to play them, says Mike Khouw
  CNBC · Sep 11, 2026

  Bonds are experiencing heightened volatility, prompting market analysts to reassess their strategies. Mike Khouw, a seasoned options trader, suggests that the current dynamics in the bond market could lead to significant price adjustments, akin to the gravitational effects described by Warren Buffett. As interest rates fluctuate, the implications for asset prices become increasingly pronounced, with bonds potentially facing downward pressure as investors recalibrate their expectations. Khouw emphasizes the importance of understanding the options market's signals, which may indicate a shift in sentiment among bond traders. With rising interest rates, the cost of borrowing increases, leading to a potential decline in bond prices. This scenario could create opportunities for investors who are adept at navigating the complexities of the options market. By employing strategies such as hedging or positioning in inverse bond ETFs, traders may find ways to capitalize on the anticipated volatility. As the bond market continues to react to macroeconomic indicators and Federal Reserve policies, investors should remain vigilant. The interplay between interest rates and asset prices will likely dictate market movements in the near term, making it crucial for participants to stay informed and agile in their investment approaches.

• How rising bond yields can wreck some portfolios while pumping up others with cash
  MarketWatch · Sep 11, 2026

  Rising bond yields are creating a bifurcated impact on investment portfolios, benefiting some while posing significant risks to others. As yields increase, the prices of existing bonds typically decline, which can lead to losses for investors holding long-duration bonds. This is particularly concerning for fixed-income portfolios, where rising rates can erode capital and diminish overall returns. Investors who have relied on bonds for stability and income may find themselves facing unexpected volatility, prompting a reevaluation of their asset allocation strategies. Conversely, higher bond yields can provide opportunities for cash-rich investors and those with shorter-duration bonds. As yields rise, new bond issuances offer more attractive interest rates, allowing savvy investors to lock in better returns. This shift can also lead to a reallocation of capital within portfolios, as some investors may pivot towards equities or other asset classes that could benefit from a higher yield environment. Additionally, sectors such as financials may see improved performance as rising rates can enhance profit margins for banks and other lending institutions. Overall, the current landscape underscores the importance of a diversified investment strategy. Investors must remain vigilant and adaptable, as the implications of rising bond yields can vary widely across different asset classes and investment styles. As the market continues to react to changing interest rates, careful portfolio management will be essential to navigate the challenges and opportunities presented by this evolving financial environment.

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