Treasury ETFs Retreat as Traders Readjust to Fed’s Hawkish Stance

Treasury bond exchange traded funds retreated Thursday with yields on long-term Treasuries surging the most in 18 months as traders looked on in anticipation of the Federal Reserve’s first rate hike by the end of 2022. On Tuesday, the Vanguard Intermediate-Term Treasury ETF (VGIT) fell 0.01%,...