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Bond

iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Bond auction today

Watching my TLT chart today.

30 year bonds auction today. So far, the price is not moving. Everyone is waiting for and ready to react to the auction results.

Categories
Bond

TLT : How would you trade it?

This is TLT; Barclay’s 20 year bond index

Will you short, or long?

The chart seems to suggest ‘exhaustion’ with price level gapping up and down over the past 1 month.

It is currently trading closer to the support level for the gap. And I think it can easily just drop below the support and crashed down.