Long-term U.S. treasuries drop after Fed shake-up, 30-year Treasury yield rises 5 basis points to 4.94%. Bond ETFs in focus. TLT, EDV, ZROZ vulnerable.

On Tuesday, the removal of Federal Reserve Gov. Lisa Cook by President Donald Trump led to a decrease in long-term U.S. treasuries, causing uncertainty about the central bank's independence and monetary policy direction. The 30-year Treasury yield rose by up to five basis points to reach 4.94%. Attention has now shifted to Exchange-Traded Funds (ETFs) that monitor long-term government debt, with a particular focus on TLT amid Trump's actions against the Fed. Key ETFs affected include the iShares 20+ Year Treasury Bond ETF (TLT), the Vanguard Extended Duration Treasury ETF (EDV), and the PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ). These ETFs are highly susceptible to significant price changes when yields go up. TLT, a pivotal bond investment indicator for retail and institutional investors, typically decreases when long-term rates rise. Keep track of its live prices for the latest updates.