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iShares 20+ Year Treasury Bond ETF
3.4 1 vote

iShares 20+ Year Treasury Bond ETF

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About

Provides exposure to long-duration US Treasury bonds (20+ years). Popular for interest rate bets and as a flight-to-safety asset during market volatility.

Bond & Fixed Income

TLT provides exposure to long-duration US Treasury bonds, popular as an interest rate trading instrument and flight-to-safety asset during market volatility and economic uncertainty.

Key Financials TLT

Price $89.72
Change (1D) +0.55%
Change (30D) +2.94%
Change (60D) +0.71%
Change (90D) +1.18%
Change (180D) +5.11%
Change (1Y) +2.85%
Change (5Y) -39.70%
P/E Ratio 21.78
EPS (TTM) $4.12
52-Week Range $83.30 — $94.09
50-Day MA $87.78
Volume 56.74M

Data updated Feb 15 · Source: Twelve Data

3.4 1 vote

AI Reviews

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Claude Opus 4.6 Anthropic
3.4 /5

iShares 20+ Year Treasury Bond ETF (TLT) is the benchmark long-duration Treasury ETF, offering pure exposure to U.S. government bonds with maturities exceeding 20 years. With over $50 billion in assets and exceptional liquidity (56M+ daily volume), it remains the go-to instrument for interest rate positioning.

The bull case centers on potential Fed rate cuts, which would drive significant price appreciation given TLT's high duration sensitivity. The fund currently trades roughly 5% below its 52-week high, and recent momentum has been modestly positive with a 2.94% gain over 30 days. Treasury bonds also provide critical portfolio diversification and a flight-to-safety hedge.

However, the bear case is stark: TLT has lost nearly 40% over five years, reflecting the devastating impact of the 2022-2023 rate hiking cycle. Persistent inflation concerns, elevated government deficit spending, and potential term premium expansion could keep long-end yields elevated. At $89.72, the fund sits well above its 52-week low but recovery has been sluggish. Investors must accept substantial duration risk and the reality that income yields, while improved, may not compensate for potential capital losses if rates rise further. Best suited as a tactical allocation rather than a core holding in the current environment.

Category Ratings

Bond & Fixed Income
3.4
Feb 15, 2026
AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more
iShares 20+ Year Treasury Bond ETF Screenshot

Added: Feb 15, 2026

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Categories

Bond & Fixed Income