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Exchange-traded funds that invest in long-term Treasury bonds dropped Thursday, as yields continued their march higher in the wake of the Federal Reserve’s meeting on monetary policy.
Shares of the Vanguard Long-Term Treasury ETF VGLT finished with a sharp 2.3% drop, while the iShares 20+ Year Treasury Bond ETF TLT sank 2.6%, according to FactSet data. The iShares 10-20 Year Treasury Bond ETF TLH slumped 1.9%.
Ten-year…
