On Monday, the iShares 7-10 Year Treasury Bond ETF (IEF) fell 1.0% and the iShares 20+ Year Treasury Bond ETF (NasdaqGS: TLT) declined 2.0%. U.S. Treasuries and related exchange traded funds are retreating with government bond yields hitting multi-year highs, as traders look beyond the safety bets from the Russia-Ukraine war and refocus on the Federal Reserve's interest rate cuts. Treasury bond yields had initially climbed earlier in 2022 as investors raised bets on multiple interest rate hikes out of the Fed this year in response to the surge in inflation.