This Bond Fund Is Beating Big Tech and the Rest of the Stock Market. Here’s Why. U.S. inflation cooled in October, which some investors took as a strong signal that the Federal Reserve is done raising interest rates. This optimism fueled demand for long-dated Treasuries, which drove the price of the largest U.S. long-dated bond exchange-traded fund higher. The $49.2 billion iShares 20+ Year Treasury Bond ETF (ticker: TLT) closed Tuesday up 2.27% at $89.78. Its shares have gained about 8.5% since its 52-week closing low of $82.77 on Oct. 19, outperforming the Nasdaq’s 6.9% gain and the S&P 500’s 5.1% rise over the same period, according to FactSet data. So far this year, the ETF has attracted net inflows of $20.5 billion, according to BlackRock. “With a large, liquid Treasury ETF like TLT, the only thing that affects the price is interest rates, there’s no credit risk,” said Scott Opsal, director of research and equities for the Leuthold Group, an investment research and asset manag...