The U.S. Treasury selloff continues! The largest long-term Treasury ETF in the United States has fallen to its lowest level in more than 20 years, halving from its 2020 peak.

Zhito Finance APP has learned that the U.S. long-term Treasury market continues to come under pressure, with the largest exchange-traded fund (ETF) tracking long-term U.S. Treasuries falling on Wednesday to its lowest closing level since June 2004. As strong economic data further raised market expectations that the Federal Reserve will continue tightening monetary policy, the bond market selloff that has persisted for several years has still shown no clear signs of easing.