The iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT) shares were trading lower by $0.20 at $124.29 in Thursday's session. That's after Wednesday's move from $130.09 to $124.57.
The sharp down move indicates investors are wary of an interest rate hike in December.
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Following a lower open, the issue breached Wednesday's low, falling to $123.42 before mounting a rebound. That low coincides with a pair of lows from January 13 ($123.27) and January 14 ($123.34).
The ensuing rally has now surpassed Wednesday's close of $124.57.