TLT, the Treasury ETF, was down about 9% for the three months ended Wednesday.
“People are trying to figure out the timing on Fed’s tapering. People are reacting to every piece of economic data,” said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors, in a Reuters article.
iShares 20+ Year Treasury Bond ETF
Full disclosure: Tom Lydon’s clients own TLT.