exchangetraded funds that focus on bonds were falling tuesday as federal reserve officials gather for a twoday meeting that will conclude wednesday with a widely anticipated announcement on its interest rate policy etfs that invest in us treasury notes as well as investmentgrade and junk bonds were trading down tuesday afternoon with investors bracing for a large rate hike by the fed and clues on its future path of rate rises to battle soaring inflation shares of the ishares 20 year treasury bond etf tlt were down around 07 while the ishares iboxx  investment grade corporate bond etf lqd fell about 08 and the ishares boxx  high yield corporate bond etf hyg dropped 07 according to factset data at last check treasury yields have surged again in recent weeks as investors fear the fed will keep up its aggressive pace of monetary tightening in an effort to bring stubbornly high inflation under control bond prices and yields move in opposite directions the yield on the 10year treasury note tmubmusd10y was up around 7 basis points at 355 tuesday afternoon factset data show at last check that’s after climbing monday to its highest yield since april 12 2011 based on 3 pm eastern time levels according to dow jones market data read why rising treasury yields are a drag on the stock market meanwhile shares of ishares core us aggregate bond etf agg were down 04 tuesday afternoon while the ishares 710 year treasury bond etf ief also fell 04 and the ishares 13 year treasury bond shy dipped less than 01 factset data show at last check shares of the ishares tips bond etf tip  which provides exposure to treasury inflationprotected securities were also trading lower down about 02 read this interestratehedge etf has soared 60 this year as stocks bonds sink in market carnage bonds have taken a hit along with equities this year amid rising rates and the hottest inflation in decades for example the ishares 20 year treasury bond etf has lost 266 in 2022 through monday on a total return basis while the ishares core us aggregate bond etf had a 123 loss over the same period meanwhile us stocks were down tuesday afternoon with the sp 500 spx falling 15 and the dow jones industrial average djia down more than 400 points amid concern over rising rates and high inflation the sp 500 has tumbled 18 this year through monday read fearing a hawkish fed here’s what’s likely limiting more downside in the stock market according to jpmorgan’s marko kolanovic