- The now $4.3B iShares 20+ Year Treasury Bond ETF (TLT -0.6%) suffered outflows of nearly 30% of its market cap in the six weeks ended June 5, according to Bloomberg, the worst six-week stretch of outflows since the fund's 2002 inception.
- Alongside that exodus, the 30-year Treasury yield rose a whopping 50 basis points to its highest level of the year.
- Especially notable about the exit of cash this year is the contrast to the reaction during 2013's taper tantrum. During that six-week stretch, yields rose by even greater amounts, but investors poured $760M into TLT.
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS, VUSTX