One of many hottest investments on Wall Avenue is one thing of a shock—it’s a battered long-dated Treasury bond fund.
Shares of the iShares 20+ Yr Treasury Bond ETF are close to a 16-year low and have misplaced greater than half their worth from their 2020 peak, however buyers are piling in. They added greater than $2 billion to the fund on Tuesday and Wednesday alone, bringing its complete inflows for the yr to $21 billion.
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