A brutal bond market sell-off wreaks havoc on one of fixed income's most popular ETFs

The U.S. Treasury building in Washington, D.C., on Friday, March 19, 2021.
Samuel Corum | Bloomberg | Getty Images

Things are getting pretty bad for 30-year Treasury bonds, the prices for which are plumbing depths not seen since the early days of the Covid crisis.

Specifically, a popular ETF that tracks the long bond continues to see a price plunge that has carried it to a year-to-date slide of more than 18%.

More In Pro Insight

CNBC ProEnd of the second quarter brings hopes that the stock market rally will continue
CNBC ProThese global stocks look oversold — and analysts are expecting a rebound
CNBC ProFund manager names one trend that will 'affect all industries' — and reveals how he's trading it