Peter Schiff(@PeterSchiff):$TLT, the 20-year U.S. Treasury ETF, is trading now below $82 for the first time since 2004. YTD, it’s down almost 7%, and it’s down over 52% from its 2020 all-time high. So much for U.S. Treasury bonds being risk-free. The losses are much greater when adjusted for inflation.

Peter Schiff

@PeterSchiff

Chief Economist & Global Strategist Chairman Founder Host Best-selling Author

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Peter Schiff@PeterSchiff

2026.07.31 18:05

$TLT, the 20-year U.S. Treasury ETF, is trading now below $82 for the first time since 2004. YTD, it’s down almost 7%, and it’s down over 52% from its 2020 all-time high. So much for U.S. Treasury bonds being risk-free. The losses are much greater when adjusted for inflation.

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