TLT
iShares 20+ Year Treasury Bond ETF
Mentions (24Hr)
-50.00% Today
Reddit Posts
+TLT -selling near term OTM covered calls for steady income - good strategy?
On what timeframe does the bond market price interest rate changes in?
What do you guys think? SQQQ and TLT?
Inherited a bit of money, any good advice?
Thoughts on buying TLT now that JPow said rate cuts are on the table?
Risk free and guaranteed high return investment?
TLT Options Play / FED Cut Early Mid 24? / Vix Low
Is it the right time to invest in long-term bonds?
Is there a way to realize gains in one stock and move those realized gains into another stock without being taxed?
Investing in a treasury bond ETF a good idea? Please advise and don't make me talk to boomers at r/bonds
Why long-duration, low-coupon treasury bonds are about to return 25%
Why would a long term investor buy stocks rather than long term bonds, currently?
Potential 6 Month Trade on TLT Targeting >14% Annualized Return
what's the point of tlt if it's just as volatile as stocks
TLT covered call(buy-write) will yield around 14%. Is this a good place to park money I won't need for 3 years?
I made a free theta gang options group. Trying to build a community of non degenerates
Just made a 10K loan to gamble in bonds
Oil Tanker Stock Investors vs TLT Bag Holders
Powell will Powell the Economy + Bond ETFs for 🏳️🌈 🐻
Powell will Powell the Economy + Why I'm buying TLT as a 🏳️🌈 🐻
how to maximize Exposure to interest rate movements with bonds ?
Rates are not high and the market is not crashing especially when Apple is still near ATH and not $120.
Generational buying opportunity on TLT
How Do Bond ETFs Work, and What Happens to the Principal at Maturity
Why is the yield and SEC 30 day yield of TLT so different? Which one tells you the annualized rate of the next dividend?
Find most correlated stock to TLT (treasury bond)
10Y Bonds at 4.8% Are Attractive,Especially Now
What if WSB could ignite the spark that sends $TLT parabolic?
Expected moves this week: SPY, QQQ, TLT, USO and earnings from Citi, JP Morgan, Wells and more.
With the sky high Bond Yields would it be a good idea to buy US Treasury Bond ETFs right now?
$70k Puts QQQ: The World Will Burn Edition
Is it finally, finally, finally time for TLT / long dated treasuries?
Are TLT Leaps so cheap they are worth it?
30 year US treasury yield is much better than TLT which has avg maturity of 25 years
Considering Long Duration Bonds as an Opportunity
Is TLT Hitting its Bottom? My Play for the Upcoming Rebound.
Putted 20k in bonds and down -20%
Looking for a Simple Backtest Analysis to Do. Any Ideas?
Wall Street Newsletter S03E02: Four Research papers from Jackson Hole Symposium 2023.
How to get rid of my trading habit to invest properly! Fear of losing the money!!
Doesn’t need to make sense needs to make money
Boomers Getting Flushed With Their "Balanced" Portfolios
Why is TLT still falling despite disinflation, looming recession fears and China deflation (exporting it to RoW).
Wall Street Week Ahead for the trading week beginning August 14th, 2023
Increasing order of risk. IEI < HYG < JNK < TLT 😂
Just sold all my VOO and QQQ to put 90% in TLT and 10% in Bitcoin. Am I dumb?
Mentions
why hold TLT calls?
🥭 says one percent but TLT disagrees
Sure. I see the point. Let me add some context and plan for this trade so I can get some constructure criticism here. I don't intend to hold the put to expiry. There is little theta on this option for the next 16 months, so 50% risk premium I am paying is concentrated in the last 6 months of the put. The thesis here with the hedge is that the US is slowly jogging towards a sovereign debt crisis. Won't happen tomorrow but the long end of the yield curve is going to go up - it will probably be a "spikey" event sometime in the next 16 months that catalyzes an abrupt change in sentiment. (See yesterday for instance or if the next Fed chain continues a plan to cut rates with advancing inflation) The plan is that I'll keep this contract open for next 16 months Scenario A) TLT continues to slide or a negative news catalyst occurs , this put will swing deeper ITM on that event. The gain in the option will offset any losses in HIMU at that point. If that happens, the USG will be forced to implement measures to satisfy the bond market (Fiscal austerity, VAT implementation, etc), at that point TLT will begin to rebound. I'll close this put for a profit, HIMU will retrace (hopefully) to closer to my purchase price and I have protected my principal while still netting the tax free dividend from the muni. Scenario B) TLT does nothing over the next 16 months, HIMU stays close to the price I paid and I sell the put back for a loss on or around May 2027. The expected price of the contract on that date assuming no change in TLY from today is $600. So I paid about $200 in insurance costs on $20k worth of capital. (1%). Yeah that eats into my return, but I am still netting \~4%. Finally the small loss on this option offsets any gains I have elsewhere in my taxable income generating portion of my portfolio. So even this insurance offers value to me elsewhere. So open to feedback on this and if I am thinking about it the right way.
I have $20k in HIMU, a junk muni ETF. It yields about 5% and income is free from federal tax.so $1000 / yr free and clear of any USG taxes. The biggest single risk with that position is interest rate sensitivity. When yield climbs the value of the bonds will fall and ETF price will follow. because of the very real risk that the long end of the yield curve here in the US is going to explode in next 2 years I purchased ATM TLT put for $800 (LEAP) expiring in Jan 2028. TLT price is tightly correlated with HIMU. This I am paying about $400 a year in options premiums as insurance on my $20k principle. A couple things: I am surrendering half the yield in name of insurance. Yes. But I'm largely hedged and delta neutral as HIMU price changes.
$MU ER next week, $hood sell off was due to trading volumes being low deposits were still at highs, $TLT is my hedge it’ll pay out 10x if thesis plays out, $COIN slowed down on buying BTC but I see one more pump before EOY to 100k will sell out at 285 everything is a bit more calculated then it seems
That TLT play will be a wild ride - a nail biter with respect to yield curve control on the long end. I'm not sure it's going to come that soon, they will only do that as a last resort "solution".
Unless TLT rallies I think it's a trap.
Nah TLT and the ten year yields are screaming. Treasuries are tp now. And being dumped into lower fed rate. That’s a setup for the stag flation. My take is this is temporary and the t bills will find buyers. Take this chance to buy call for January.
$TLT calls. Reason should be obvious
TLT dropped almost 1% overnight. T bills going in the dumpster on the day the fed is supposed to be buying them. I don’t think they are gonna struggle to find sellers. The bond market tantrum might put a wet blanket on gains today.
TLT is just getting butt fucked all week
Remember that guy who went all in on TLT last year for rate cuts in his retirement. Hope he’s ok
TLT lower than before Powell. Probably nothing
Check TLT, long term bonds
#TLT making me horny again 👀😳
TLT, some REITs too (NLY is a decent one) *Not financial advice
TLT kings watching with interest 👀
I made money on TLT puts today by some miracle
TLT RIP DOWN Yields go up
TLT is about to rip holy shit. Long duration treasuries are at record levels for short positions by big money. Going to see insane movements soon on long term yields. It’s time.
oh damn. Thank Jeebus I sold at today's high... Had a feeling that the Santa Rally was going to come and leave early. Sitting on nothing but some TLT shares. Probably a small bounce in the AM and then it might be look out below....
##*TLT picking a fight with everyone today*
I wish it were that clear to me. I have spread my puts around to hedge. $SLV, $AAPL and $SPY. Weighted to spy $$ wise. Oh. $TLT calls
So maybe .... the Ukraine war ending deal will need to wait for the next fed chair, who will no doubt start a massive operation to expand the Fed balance sheet, buy all those bonds and keep rates low ? Or, if the war mongering Eurotards dump all their US Treasuries simultaneously, wouldn't everyone else be able to buy these bonds at fire sale prices? I mean if they dump these bonds so fast that long bond yields approach 6%, 7%, 8% or more, maybe buy those bonds (or TLT) at the new low price and just sit on them until the fire sale is over and the Fed begins doing some yield curve control or something? IDK. Is this crazy?
This is what I'm betting on. That and TLT being the trade of late 26.
picked up a nibble of TLT... I'm sorry
yup sell the house rent out the wife use all funds to buy TLT puts
It does feel like a lot of copium floating around in this thread. The macro indicators are all bearish. The market is being held up assuming that AI is going to increase margins and profits exponentially. Maybe it will...but if we go into recession, you still need people to buy your actual products to make this whole thing work. If consumer spending collapses, nobody will be spared. Will it go back up eventually? Yeah, but clearly some of these redditors haven't seen long periods of flat or declining growth. It took 6 years to recover from the dot come bubble, and many of those stocks never recovered. Do you really want to wait around for 6 years, or would you be better off in TLT or some bonds? I'm going to ride the wave of hopefully a partial tariff knockdown from the SC, then I'm long-haul in TLT until the macro data looks better.
my favorite altcoin to trade is TLT since it is less volatile than BTC
TLT over here picking a fight with literally everybody.
Ding ding, correct answer. Probably short TLT but then again the feds might see the panic and print an infinite amount of money into TLT
Last time TLT was this low spy was in the 640s. I don’t think it will dump that hard. But damn. Them yields be 🚀
Morning boys. If you are reading this not from a prison, a psych ward, or homeless. You survived another weekend alone. I am proud of you. Positions: TSLA, SPY, TLT
15% BND in my long-term portfolio 30% TLT in my investment portfolio to hedge against the margin that I'm using
Precious Metals, short maturity bonds (under 5 years), growth stocks. Basically the permanent portfolio minus TLT, if you are confident in your high inflation environment thesis.
Yup.. also called buy write funds. There are also downside protection funds that auto buy puts. Can yield 8-20+%, helping mitigate downsides, but one does have to watch for NAV erosion. IVVW, QYLD, JPEQ and so forth. Stuff like NUSI. One of my favorites lately is TLTW, a buy write on the TLT. Think about that one and how that works out. But beware of things like Yieldmax funds that have too high of a NAV erosion. They are almost reverse mortgages. But young folks should still more heavily weight on index funds, as growth over decades probably still far outweighs the buy writes/covered call/downside protection funds. But these are pretty good at generating yield over corporate bond funds.
TLT or KO or MCD if you want low volatility.
How the fuck is TLT and LQD providing the same yield? According to the Fed, the credit spread should be about 0.8% [https://fred.stlouisfed.org/series/BAMLC0A0CM](https://fred.stlouisfed.org/series/BAMLC0A0CM)
Man TLT is really getting ass blasted
Sold covered calls on TLT just to watch underlying plummet 🤣 🤡
Never sell if you are underinvested. If you had 500k or so I’d consider trimming 20% now for the next 3 years, then wait for a bear market to buy back in. You can hide out in TLT while you wait.
This dynamic only gets interesting if 10's can pop over 4.2 because the QQQ/TLT tandem doesn't work as it did during the inflation concerns era. That dance got a lot harder after the regional bank festival in early 2023.
if TLT goes to 25 within a year, you would have been better off just buying ramen right now because those puts would be paying out in worthless currency.
How low can TLT go, I wonder? If foreign nations dump US treasuries, can it go to like 25? Might buy some puts dated like 1 year out at 75 or so if shtf they could print.
Probably my job. I sold all my short-dated silver options, and am sitting on a strangle until March. Also watching to see what TLT does. Second time in three days it bounced off 88.50. So, I bought another weekly call near the bottom. Long bonds are my biggest baghold but it could be far worse.
TLT is tough for me to figure out sometimes. It'll go up as interest rates decrease, but it will go down if there is fear of inflation. It also tends to trade against the market movement. So, to answer your question, I have no idea
SPY green now but HYG and TLT still red 🚨
It's a very weird day, small caps ripping but TLT and HYG down
Hugh Hendry said to buy TLT at 92 🤡🤡🤡
Looks like SLV wants to goon around 52 today, will see how it plays out. The real question becomes if it falls back to 51 or 50. TLT gave yesterday's gains so that's going to suck. At least I have some puts to offset loss.
7% (maybe 6 now, stock has gone up a touch). I'm with you, I've got a nice chunk in Pfizer. Not many high dividends out there with possible upside to the stock. For op, I've also got some Pimpco etfs (blend of corporate and gov debt; investment grade, but they blend in some high yield in different etfs) paying around 4.5-6% yield. I also have some TLT, but that's got some volatility to it.
Anyone smell the money printer? I just saw the fed just published a special military operation 🤡 Is my TLT going to moon 👀
I just back tested my own trading logic,when sell QQQ, buy GLD or TLT and vice versa. QQQ&TLT combination gives 179% and QQQ&GLD gives 206% in 365 days. I did not mix two etfs or three etfs combined testing (not so much interested). Here are some results (formatted here https://imgur.com/jOLWKKr), same in text SYMBOL SL\_NO TRANSDATE TRADE TRADE\_QTY TRADE\_PRICE TRADE\_AMOUNT OPEN\_QTY OPEN\_CASH CLOSE\_QTY CLOSE\_CASH COMMENTS \----- ------- ------------ ----- --------- ----------- ------------- -------- ------------- --------- ------------- --------------- GLD 1 04-DEC-24 Sell 0 244.67 .00 0 .00 0 10000.00 Sell GLD QQQ 2 04-DEC-24 Buy 19 523.15 9939.85 0 10000.00 19 9939.85 Buy QQQ QQQ 3 06-DEC-24 Sell 19 526.32 10000.08 19 10000.08 0 10060.23 Sell QQQ GLD 4 06-DEC-24 Buy 41 242.95 9960.95 0 10060.23 41 9960.95 Buy GLD GLD 5 08-APR-25 Sell 41 275.15 11281.15 41 11281.15 0 21341.38 Sell GLD QQQ 6 08-APR-25 Buy 51 415.22 21176.22 0 21341.38 51 21176.22 Buy QQQ QQQ 7 23-SEP-25 Sell 51 598.13 30504.63 51 30504.63 0 30669.79 Sell QQQ GLD 8 23-SEP-25 Buy 88 346.59 30499.92 0 30669.79 88 30499.92 Buy GLD SYMBOL SL\_NO TRANSDATE TRADE TRADE\_QTY TRADE\_PRICE TRADE\_AMOUNT OPEN\_QTY OPEN\_CASH CLOSE\_QTY CLOSE\_CASH COMMENTS \----- ------- ------------ ----- --------- ----------- ------------- -------- ------------- --------- ------------- --------------- TLT 1 04-DEC-24 Sell 0 94.06 .00 0 .00 0 10000.00 Sell TLT QQQ 2 04-DEC-24 Buy 19 523.15 9939.85 0 10000.00 19 9939.85 Buy QQQ QQQ 3 06-DEC-24 Sell 19 526.32 10000.08 19 10000.08 0 10060.23 Sell QQQ TLT 4 06-DEC-24 Buy 106 94.38 10004.28 0 10060.23 106 10004.28 Buy TLT TLT 5 08-APR-25 Sell 106 88.13 9341.78 106 9341.78 0 19402.01 Sell TLT QQQ 6 08-APR-25 Buy 46 415.22 19100.12 0 19402.01 46 19100.12 Buy QQQ QQQ 7 23-SEP-25 Sell 46 598.13 27513.98 46 27513.98 0 27815.87 Sell QQQ TLT 8 23-SEP-25 Buy 311 89.33 27781.63 0 27815.87 311 27781.63 Buy TLT
>and all new debt would be financed at a lower rate. Financing rates at the long end of the curve are based on demand not the Fed. Demand is low when considering 1) how high debt and deficits are 2) the Fed reducing the duration of its bond portfolio 3) the prospect of systemically higher inflation that may destroy real returns (aka make duration riskier than alternatives). This generally means rates on the long end may go up rather than down, and that is detrimental to the returns of TLT. I think the biggest factor over the short term is the Fed to be honest, they are rolling duration shorter, and that reduces demand on the long end of the curve, which means rates will go up. Additionally, since the Fed will be buying more short term, and the TGA rebuild will effectively all be short term, and considering stablecoin demand for short term, I expect short rates will be much lower soon as demand rises for the short end of the curve. If you are deadset on playing rates, I'd be targeting 7 or less years in duration, probably 4 years or less to be specific. Not financial advice, etc.
Wouldn’t that make something like TLT desirable? +20 year bonds that already pay over 4% and all new debt would be financed at a lower rate.
Oh boy, even TLT not getting much of a bid. That's stagflationy. Not good.
Think of the bond market like a seesaw: when people dump treasuries, the immense supply forces prices down, which automatically pushes yields up. If the EU dumps, long-term bond funds (like TLT) would get absolutely hammered because they are stuck holding older, lower-paying paper that nobody wants anymore. SGOV is different because it has zero commitment issues. It holds bills that mature in 0-3 months, so it barely flinches at price drops because the duration is so short. Instead of your principal tanking, SGOV just rolls over into those new, higher-yielding bills almost immediately. You wouldn’t see a price crash; you’d just see your monthly payout go up while long-term holders weep.
It will hit hit the fan across all assets except perhaps gold. And maybe crypto? It truly is a nuclear option if EU dumps their treasuries. Prices down, yield up, who will blink? Who will buy? A shitshow. When you invest in a bond fund (SGOV, TLT etc) there is no concept of holding to maturity. If the market price of bonds drops, then the NAV of the fund drops and you may not ever get your principal back.
Silver had a scary overnight dip but is looking ok premarket now. TLT is still down so I might DCA in some more. Will see how it plays out.
Welp, TLT is a double-edged sword. Glad I had puts on-hand. Spunoff another SLV leap and have delta-neutral'd my port. NWL had a good runup today.
Buying the dip in the biggest scams (corn and TLT)
TLT testing 89 again. Not great Bob!
Big ass head and shoulders on TLT lmao
Okay so I should’ve been a bit more clear I’m realistically looking at this as a IV play I don’t see TLT going to 100 that’s just hype, but I do see IV increasing and boosting my position with a conservative price target of $93 before February & 10% IV gain I will be looking at a 75% profit all I need is a dovish shift towards QE with a rate cut. FOMC will give me clarification on if this will be possible and when fed updates balance sheet, if I see it happening in a longer term Horizion I’ll roll these until 2027 and cut the play off completely if sentiment moves against me
You sound extremely confident for someone trading TLT like it’s a meme stock... Just a quick reality check, alright... . Two rate cuts before March isn’t a forecast, it’s a kids fantasy... Even the Fed doesn’t project that path unless the economy shows recession-level weakness... If we actually get two cuts that fast, the move in TLT won’t be a "slingshot" like what you said, it’ll be a market-wide credit stress signal... . TLT isn’t GME... This is a long-duration bond ETF. It moves with macro data, not Reddit enthusiasm... Anyone expecting explosive upside from 78 contracts is misunderstanding how slow bonds reprice unless yields collapse. Also averaging up on dips isn't a strategy, it’s a confession of no risk framework... Professionals add after confirmation, not during volatility spikes. . Your 'hedge' with short-term puts won’t save you... If your sizing is off, that hedge is cosmetic. Bond volatility cuts both ways, and long-dated calls plus short-term puts is not a hedge, it’s bi-directional gambling... Also loading another 50 calls if IV drops below 4% tells me you’re trading options on vibes, not fundamentals... Long-term yields don’t fall because you want them to... They fall because the macro breaks... . Listen kid, TLT can pay but not the way you’re imagining... Bond markets reward patience, structure, and macro literacy… not enthusiasm...
TLT dropping and forming head and shoulders pattern on the three month. Unless the feds unzip their pants and fully load long term treasuries with money printing, looks like yields on the long end are about to spike! At some point those long term rates are going to snap the back of the housing market without intervention. An interesting balancing act; pump LTTs and inflation skyrockets? Let it break for deflationary death spiral? Hell we haven’t even had layoffs surge nor an oil spike yet! Is gold and cash the only things that are going to saving me? Fun times 😂 Fantastic buying opportunity. I’m leveraging up along the way till I hit 10% margin
TLT is the only bond fund that I like and that acts like a hedge looking back at the charts.
Im a TLT bull buuuut I could see a nasty shakeout before it moons. Thinking double top on the ten year so TLT could make its way back to the 82s
VTI: 40% KMLM: 20% DBMF: 20% GLDM: 10% TLT: 10% Gets close to S&P returns with 1/3 the drawdown. https://testfol.io/?s=5lit5gboz6a
The easiest to go is choose ETFs, VOO, QQQ, SMH and some bonds (TLT side), may be 25% each. I do not prefer crypto side, ignoring it.
FWIW: My positions are $SPY 660 P 1/30. Also have some $TLT calls and HYG puts with March expiration. I don't think I have posted this since my resurrection. I will post all trades as they happen.
I am dumbfounded how bad streaming commercials are. Commercials used to be banging. [Free Credit Repot Dot Com](https://www.youtube.com/watch?v=tloVHJtrJ_k) WTF happened to marketing? Positions TSLA, TLT, SPY
TLT usually goes up if there's a war
Bond yields control everything. Yields up → TLT down, tech down, gold weak, dollar up. Yields down → TLT up, tech up, gold strong, dollar down. Gold rises on falling real yields. Oil follows supply/demand. Defense stocks follow budgets, not war hype.
Listen up, chucklefucks. The pedo files are required by law to be released 12/19. War won't start UNTILL that week. RTX and ONDS calls for 12/26 PUTS on TLT and CALLS on GLD as oil, gold, and bond yields all about to go to Valhalla (i'm told this is in the sky, but need to do more research). I would saw get some SQQQ calls too... but I'm not confident enough that AI trade wont just keep ballooning away as we slide into a second WW2 (might be called WW2^(2) ?) Good luck, we're all counting on you.
Ok. Ramp in hedges as your portfolio grows. KMLM, TLT, GLD. Then, when you approach your target; start siphoning high risk plays and leverage into VOO. My number is 2M an here’s how I’ll be allocated when I hit that: 5% speculative, 15% leveraged SPY (UPRO or similar), 50% hedge (TLT, KMLM, GLD, Cash, and 30% VOO.
TLT down 0.69% today….long term yields going up. I’m curious to see what the treasury market does….if short term rates dump, and inflation expectations go up, that means long term rates go up. If deflationary death spiral then long term rates go down. If we money print our way to victory the feds will force long term yields to go down by mass purchasing LTT and force Americans to pay via inflation; their chosen poison pill
TLT might pop if jobs data comes in weak.
Port update: long IBIT, MSFT, NVDA, GOOG; short SLV, GLD, TLT
Congrats Boys. Unless you are posting from a psych ward, prison, the afterlife. You survived another holiday alone. I am proud of you. Everything is temporary. This too shall pass. Positions: TSLA, TLT, SPY
Everyone here is a gangsta MF warren buffet investing and trading god. Just because you got the knowledge now means squat shit. Everyone gangsta now when the markets and economy keep booming for the past 10 years. Even during the pandemic, everything still went up in the shortest time in the history of the stock markets. 99.9% compare knowledge about some generic ETF DCA weight average mumbo jumbo with FAs. What you are paying for is not for the FAs knowledge ffs. Most FAs probably know less than the average reddit user here. You are paying for two things: 1) Experience - It takes a certain set of skills and experience to be able to properly set up a portfolio for each individual and family. You have to piece together everything from investments, insurances, cash flow planning and even trust nominations. 2) Time - I am sure you can cook instant noodles, eggs and other stuff for sustenance, but do you really want to do it everyday? When you pay a FA, make sure your time is better spent elsewhere that is important in your life. Ultimately, no one fucking knows where the market is headed to tomorrow, next month, next year or the next decade. Sure you can make some trend recognition, but NO ONE knows. All you can hope for is that you catch the right wave. Be clear in what you are paying for with a FA. The knowledge to trade and investing can be learnt in a week, but when the shit hits the fan, you did wish that bought some puts or TLT ( just an example, chill guys )
Today was solid. Rode the TLT dump to the bottom, flipped my puts into calls and bought another share. Once it got to above 90.50, reloaded my protective puts. I rolled my silver calls for additional money, added some puts near the top for additional protection. Am continuing to harvest theta for slow but steady gains.
Yes, I am aware of FED control, but TLT provides monthly 0.33 dividend and has growth when stocks are coming down. Still this is winning path while stocks drawing down.
This is correct, Bond is the way to go. BTW: Bagholder of TLT/TMF - biased, but I will make money like I did in Jan-Apr 2025 simply 27% return from TMF alone !
Welp, I got greedy with TLT. I will see how it holds tomorrow, and decide whether to roll my puts or my calls. Silver continues to print.
The thing that really turned the tide in the latter half of 2023 was Yellen changed the way she was funding bills after rates spent the better part of 3 months zooming higher. It really pantsed people and yes, it mattered even though policy rate stayed stagnant until September last year. But what's also worth noting is that the QQQ/TLT correlation in regards to inflation concerns failed after regional bank fest occurred in early 2023. It only started working again in that stretch as that rate move was too quick (big rate movements on both sides can be an issue), and it generally hasn't worked well for a while. There are occasional signs of it working again over the past few months, but it's not at a point where it's usable...if the Nasdaq has topped, it's on OpenAI concerns instead of macro fundie concerns (rates).
Glad I bought the dip for TLT last week. Funny how quickly the rate cut narrative flips.