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TLT - Significant Technical Reversal In The Long Bond
iShares 20+ Year Treasury Bond ETF
The bond market had been on a one-way street higher since late 2018 when the price dropped to lows at 136-16 on the 30-Year US Government Treasury Bond. In 2018, the US central bank hiked the short-term Fed Funds rate four times for a total of a full percentage point. At the same time, the rote program of balance sheet normalization put upward pressure on interest rates and downward pressure on bond prices further out along the yield curve.
Late last year, after the stock market corrected lower on fears of rising rates, the bond