WadeYendall

TLT should see some buying soon

Long
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
The 20y bond sell off has dropped into support. We should see some buying here to bring yields back down. If the buying comes in the market should bounce. If however this 618 level does not hold and bonds continue to sell off things could get ugly. Important level to watch IMO.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.