BBDC - TLT Shorts Should Be Long This 10%+ Yielding Sector

Potential Pullback in Treasuries?

For 2019, the iShares 20+Year Treasury ETF (TLT) has almost outperformed the S&P 500 Index, as measured by the SPDR S&P 500 ETF (SPY) but that is likely coming to end and others agree as the open interest for the Sept. 20 TLT puts continues to increase:

Another bearish indicator is its relative strength index ((RSI)) which has hit overbought level, rising well above 70 and the highest level in the past five years:

Continued Flight to Safety or Risk On?

The recent inversion of parts of

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