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Have a great day all!
Hi all, TLT is continue to rise as expected from our update last week. Contrary to popular belief I do believe that $131 will be a meaningful top.
Above $124 TLT targets $131.50
Although I am structurally bearish US treasuries, I am bullish for a cyclical pop up to $131 on TLT.
Bond yields should continue higher over the coming weeks while stronger than expected data is released. All leading indicators continue to point higher for now.
35% of US treasuries are held externally, the Fed does not have full control over the interest rates until those treasuries are held internally and the US is internally funded.