Treasury bonds have left a bad taste in investors mouths for the past couple of years. And this collective “UGH!” comes after years of solid returns.
Will the bull market continue? Or is this the beginning of the end?
Today’s chart takes a look at the 20+ Year Treasury Bond ETF (TLT), highlighting how the latest selloff has TLT testing important 18-year trend support. And this comes as TLT is posting its worst 2-year rate of return in its history (-17.7%). Yikes!
Needless to say, bulls are hoping up-trend support holds at (1). If not, look out below. And if bond prices keep falling, then interest rates will likely keep rising. Stay tuned!
$TLT Long-Term Treasury Bonds ETF
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