This has caused the iShares 20 Plus Year Treasury Bond ETF (NYSEARCA:TLT), which owns long-duration U.S. government bonds, to plunge this year. TLT is down 22% year-to-date, and is now trading back at 2018 prices. Fed Chairman Jerome Powell has made it clear that the current inflation rate is unacceptable, and that the Central Bank will continue taking aggressive measures to stamp it out.