The iShares 20+ Year Treasury Bond ETF declined 0.6% to 122.04 on Friday and ended the week 7.4% lower, its biggest weekly loss since inception in 2002. Over the past few days, trading volume of the ETF shot up. On Wednesday and Thursday, more than 50 million shares changed hands, according to FactSet. The 30-day average daily volume is about 8 million shares. Investors withdrew money from bonds funds as yields on long-term Treasuries jumped over the past week to their highest levels since January 11. The yield on 10-year Treasury bond rose 33.5 basis points to 2.12%, while the yield on 30-year bond rose 35.8 basis points to 2.93%. Bond markets were closed on Friday for Veterans Day.
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