QUICK SPARK: The TLT ETF Tracking Long Duration Bonds Hits New Record Low

The iShares 20+ Year Treasury Bond ETF (TLT) reached a record low of $79.71 as long-duration U.S. Treasury bonds experienced a sell-off. The 10-year Treasury yield rose to 5.11%, the highest since 2007, attributed to stronger-than-expected economic growth, with the U.S. Composite PMI at 58.4. Market analyst Ed Yardeni described the 5% yield as a 'vote of confidence' in the economy, while investor Peter Schiff warned it could lead to yields of 6% or higher, adding uncertainty ahead of the Federal Reserve's interest rate decision.