NASDAQ:TLT
iShares 20+ Year Treasury Bond ETF (TLT)
82.25
-0.55 (0.66%)
as of Jul 31, 2026, 8:00:00 pm Market Open.
146 watching
Financials 
Technical Analysis 0
Investor Insights
Aug 3, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
The iShares 20+ Year Treasury Bond ETF (TLT) is viewed as a viable choice for high-risk investors with a long-term investment horizon, particularly in risk-off market conditions where duration-sensitive assets tend to perform well. Experts emphasize that while TLT offers an attractive yield of nearly 5%, potential investors should consider the implications of double taxation, especially for Canadian investors. Furthermore, some experts highlight that TLT may not be the ideal option for those seeking growth in their bond portfolios, primarily due to unfavorable tax treatment. Overall, investors are encouraged to weigh their individual circumstances and investment goals before making a decision regarding TLT, acknowledging both its strengths and the specific challenges it presents.
Consensus
Mixed
Valuation
Fair Value
Similar
TLH
BUY
Best ETF to get exposure to 30-year Treasury bonds. Trades 20 to 30 years fixed income. This is the one he uses. More aggressive option with 25+ year maturity remaining is ZEROZ-N. ZTL-T is also an option in Canada that can allow to hedge the currency risk. Keep in mind that if inflation wins and Fed misses, you don't want to hold long bonds.
E.T.F.'s
PAST TOP PICK
(A Top Pick Mar 17/22, Down 6%) We'll get deflation first, he thinks, then hyperinflation. TLT is there for emergencies, like massive deflation, when TLT will rally, then he would take gains. These are long-volatility assets that could do spectacularly in the future.
Brian Acker, CAOwned
E.T.F.'s
TOP PICK
In his portfolio, he's put equal measures of PHYS and TLT. Buy this with USD. This and gold are the only 2 asset classes left that can play the long volatility strategy. If you have the two together, it eliminates all possibilities. If we have major deflation, gold will get hit, but TLT will go spectacularly up. Or vice versa, if we have hyper-inflation.
Brian Acker, CAOwned
E.T.F.'s
PAST TOP PICK
(A Top Pick Mar 08/21, Down 0.9%) Believes best hedge against equities for Canadian investors.
US Treasury is one of highest quality investments available.
If/when equity markets drop, believes shares will rise.
If looking to reduce volatility, will be a good investment.
Jason Del VicarioOwned
E.T.F.'s
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Premium contentPAST TOP PICK
(A Top Pick Oct 19/21, Down 6.5%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with TLT has triggered its stop at $135. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 5%, when combined with the previous buy recommendation.
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate TLT as a precautionary holding, to protect in the event of another market retracement. TLT is an ETF that represents US 20 long term treasury bonds of a term of 20+ years. Yields on long term treasuries have rebounded back to 2.00% making this another good entry point. We now recommend setting a stop loss at $135. Yield 1.51%
E.T.F.'s
PAST TOP PICK
(A Top Pick Jul 06/20, Down 15%) This was a hedge against the market falling during Covid last year. TLT is the best hedge to the Canadian long stock investor. TLT holds long-dated US treasuries (in USD). When things go pear-shaped in late 2018 or March 2020, TLT does very well, because there's a rush to market safety. Also, TLT will reduce market volatility. He still holds this, but sold part of it. The consensus now is that there will be sustained inflation moving forward. TLT should continue to do well. He expects this to fall round $120 and would add to his holdings here. The bond bull market is not over, he feels, though many do.
Jason Del VicarioOwned
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly TLT is an ETF that represents US 20 long term treasury bonds of a term of 20+ years. Yields on these treasuries have been rising steadily since the pandemic based market collapse last March from under 1.00% to 2.25% now. This is a precautionary holding, to protect in the event of another market retracement. With the S&P500 trading at 22.4x earnings the market is at risk to correction if this season's reported earnings disappoint. As we consider this a hedge, we do not set a target or stop-loss, but instead will monitor trends in the underlying yield as a signal. Yield 1.61%
E.T.F.'s
PARTIAL BUY
Duration is an asset class. Have been adding to TLT as yields are rising. In the back half of the year, we will see Feds step up purchases of longer term bonds. Don't look for it to get back to ATH. It will probably peak around $150-155. Trade duration as an asset class. It depends how willing the Feds are to step up purchases. Be active and trade. Don't invest.
E.T.F.'s
TOP PICK
It will be vulnerable if rates continue to rise. It has served him well in times of market turmoil. He sees higher inflation and higher rates, but the US$ would go higher as well.
Jason Del VicarioOwned
E.T.F.'s
PAST TOP PICK
(A Top Pick Sep 23/19, Up 15%) He's owned this since 2015. He feels bond yields will decline. As debt increases in the world, it stalls growth and leads to lower bond yields. During economy uncertainty, Canadian holders benefit from a weakening US dollar and lower yields, a double whammy. He will add to his holding
Jason Del VicarioOwned
E.T.F.'s
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